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Specifically, it's based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) published by the Bureau of Labor Statistics. The CPI-W rose 3.6% in July and 3.4% in August.
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
The Social Security 2024 COLA increase was a disappointment for many retirees. As of now, the Social Security COLA projection for 2025 is a drop compared to the 2024 COLA, which could feel like a ...
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
It is a widely watched series by the financial sector but gets less press coverage than the more commonly quoted consumer price index (CPI), which is also prepared by the BLS. While the CPI is a measure of inflation in consumer prices, the ECI is vital as an indication of whether employment cost changes are rising or falling and so it measures ...
The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices. The yearly increase matched economist expectations. The yearly increase matched ...
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices. The cost-of-living ...