CPI Does Not Agree with the IEPI.

In Commentary on May 13, 2011 by CQCA

The Consumer Price Index for April, 2011 was released. The Bureau of Labor Statistic’s measure for “All Item” inflation was 3.2% annually.

One thing that stood out about this release was that it did not agree with another report released by the Bureau of Labor Statistics. The Import and Export Price Index (EIPI) was released on May 10, 2011.

The price of apparel increased .1%, according to the CPI. This is one of the lower increases for the categories that are tracked. According the the EIPI, however, the price of imported apparel increased 5.6% over the same time. Exported apparel also increased 8.2% over the same time.

How is it that the price of imported and exported apparel is going up, but the price of apparel in the United States is not going up? Once again, the only place prices are not going up is the CPI.

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