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The consumer price index for urban wage earners and clerical workers (CPI-W) is a continuation of the historical index that was introduced after World War I for use in wage negotiation. [23] As new uses were developed for the CPI, the need for a broader and more representative index became apparent.
CPI had a revenue goal of $6 million for 2023, and fell about $2.5 million short of that. According to the New York Times, this has created a situation of financial peril that "threatens to extinguish a newsroom of about 30 journalists that has watchdogged powerful institutions for decades." [3] In March 2024, CPI laid off 11 newsroom employees.
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
The big news that all Social Security recipients were waiting to hear was finally announced on Oct. 13, 2022. The cost-of-living adjustment that will go into effect in January 2023 will be a ...
In 1996, the Advisory Committee to Study the Consumer Price Index (the Boskin Commission) estimated that in 1996 CPI-W (used to adjust Social Security) over-estimated inflation 1.1 percent. The BLS responded by making changes to the CPI-U and CPI-W, which included an adjustment to compensate for upper-level substitution bias , performed each ...
Inflation, as measured by the consumer price index (CPI), rose 3.5% from a year ago in March, the Bureau of Labor Statistics reported Wednesday. The figure topped economists’ consensus forecast ...
For instance, last year, the SSA released the 2022 COLA on the same day the September CPI was announced. An SSA spokesperson confirmed with the website VerifyThis.com that the 2023 COLA will be ...
The United States Office of Personnel Management (OPM) is an independent agency of the United States government that manages the United States federal civil service.The agency provides federal human resources policy, oversight, and support, and tends to healthcare (), life insurance (), and retirement benefits (CSRS and FERS, but not TSP) for federal government employees, retirees, and their ...