CPI is calculated by tracking the change in the prices of a fixed basket of goods and services. The BLS refers to a variety of sources to calculate CPI, including the prices of goods and ...

Shelter category prices accounting for a third of the overall CPI are based on a survey of rental prices for 50,000 housing units, which is then used to calculate the rise in rental prices as well ...

Thankfully, the law that underpins Social Security now accounts for inflation: Each year, the program tracks inflation during ...

Since the CPI is updated and reported monthly, it can be used to estimate the rate of inflation over as short a period as a single month. How to Calculate Inflation Using the CPI To calculate an ...

At the start of 2024, Social Security benefits got a 3.2% COLA. Next year's raise is looking smaller, though, with estimates ...

One way to calculate your cost of living is to examine ... as measured by the consumer price index. The federal government announces Social Security increases every October, and they kick in ...

While inflation has cooled since 2022, the CPI rose 3.3% from May 2023 to May 2024. Not all prices rise at the same rate, with some sectors of the economy seeing minimal inflation or even falling ...

This could improve on a calculation methodology used by the BLS to calculate CPI that is decades old. Alan Reynolds writing for the Cato Institute has been more vocal arguing that “CPI rent is ...

Washington’s minimum wage – already the highest state-level minimum wage in the nation – will be going up 38 cents next year.

All those item-area indexes are then weighed based on recent two-year results from a detailed consumer spending survey to calculate two versions of the consumer price index. The CPI for All Urban ...

About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in ...