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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.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United ...
Consumer Price Index for Americans 62 years of age and older (R-CPI-E): This index re-weights prices from the CPI-U data to track spending for households with at least one consumer age 62 or older.
The Bureau of Labor Statistics released its December Consumer Price Index (CPI) at 8:30 a.m. ET on Thursday. Here are the main figures from the report, compared to Wall Street estimates.
Overall consumer prices increased 2.4% from a year ago, down from 2.5% in August, according to the Labor Department’s consumer price index, a wide-ranging gauge of goods and services costs.
Since 2000 the Chained CPI has on average measured inflation between 0.25 and 0.3 percentage points lower than CPI-U and CPI-W. Opponents of the change note that while the difference is small, it compounds over time, making the reduction in outlays for COLAs for Social Security larger when looked at over a long time horizon.
On a month-over-month basis, economists are looking for a 0.5% rise — a print that would mark 22 consecutive monthly advances on consumer prices across the U.S.