In the new edition of AIER’s Everyday Price Index, we discuss the prices for common holiday gifts like apparel, books, and personal-care products, which are all lower.

The EPI starts with the Consumer Price Index, which tracks inflation. It then strips out the fixed expenses faced by consumers, such as home mortgages. The EPI fell 0.4 percent in November, led by lower gasoline prices. The CPI, meanwhile, fell just 0.2 percent for the month on a non-seasonally-adjusted basis. The EPI is not adjusted either.

Read more about the new edition of the EPI here.

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