Consumer Price Index For Urban Wage Earners and Clerical Workers - CPI-W

Nothing is more fun than reading long dictionary entries. Since the name of this term is so long, let’s just get right to it.

The CPI-W is a monthly figure computed by the Department of Labor that measures changes in prices paid by clerical employees, sales employees, craft workers, service workers, and other urban laborers.

The Social Security office uses this metric to adjust annual payments to Social Security beneficiaries. The Bureau of Labor Statistics computes the average change for a basket of different products and services.

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Finance allah shmoop What is the consumer price index or

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c p i All right prices They change Five bucks

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buys a whole lot less today than it did two

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hundred years ago Well here's what Five bucks buys you

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today And here's what Five bucks bought you in Seventeen

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Ninety three house five horses Nice stuff Well tracking prices

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is the key to understanding what inflation is doing in

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the world or how much of it we have So

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in amalgam of e con experts put together a basket

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of goods designed to reflect generally how the average consumer

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if there is such a thing feels inflation in their

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wallets Will those prices air tracked copiously like monthly ish

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and then published as an index number that's evaluated relatively

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like if this is last month's cp i which saturday

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one hundred seventeen point three two while this month's number

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one hundred seventeen point five three shows inflation at a

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pace of about two and a half percent annually And

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blah blah blah blah So what's in that c p

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ay basket that's tracked well there's a bus pass in

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a major metro a pound of coffee a half gallon

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Carton of milk funeral A flu shot movie tickets And

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on and on and on basically all the stuff that 00:01:21.408 --> [endTime] makes life priceless What No

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