Here are some price indicators for consumers:
Figure 1: CPI – all cities (black), CPI wage workers and clerical workers (purple), CPI chained (light green), CPI shelter (blue), AIER Daily Price Index (red), all in log 2025M01=0. Source: BLS, AIER, ad author calculations.
If you feel that daily costs have risen faster than the CPI since February, the EPI AIER confirms that impression.
Real hourly earnings are deflated accordingly.
Figure 2: Average hourly earnings for production and nonsupervisory workers deflated by CPI – all cities (black), CPI wage workers and clerical workers (purple), CPI chained (light green), former CPI shelters (blue), AIER Daily Price Index (red), all in $2025. Source: BLS, AIER, ad author calculations.
For final demand PPI, this figure shows that it is rising faster than CPI.
Figure 3: CPI (blue), PPI final demand (red), both in log, 2026M02=0. Source: BLS
With “fuel and related products” leading the upward movement, I can bet that the PPI will lead the CPI (see this post).