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Income Investing
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The CPISeems there is some misunderstanding about the CPI. The latest monthly figures were just released Friday Here's a synopsis: "For the second consecutive month, increases in the indexes for energy and all items less food and energy more than offset a decline in the food index to result in the seasonally adjusted all items increase. The food index fell 0.1 percent, with the food at home index declining 0.3 percent. The energy index rose 1.3 percent, due mainly to a 3.3-percent increase in the gasoline index; the indexes for natural gas and electricity declined. The index for all items less food and energy increased 0.2 percent in June. The shelter index rose 0.3 percent, and a broad array of indexes also increased, including medical care, education, airline fares, motor vehicle insurance, and recreation. In contrast, the indexes for used cars and trucks, apparel, communication, and household furnishings and operations all declined in June." Lots more info available at http://www.bls.gov/news.release/pdf/cpi.pdf The CPI (actually the CPI-W) is also used to determine annual COLA for Social Security. Right now the index is .1% (one tenth of 1 percent) over the benchmark from the last time a COLA was given in 2015. That means if your SS benefit is $2000, your increase will be $2 (not even enough to cover the increase in Medicare Part B premiums.) Fortunately the premium increase cannot exceed the COLA for most folks |
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Msg # | Subject | Author | Recs | Date Posted |
47249 | Re: The CPI | camroc | 5 | 7/17/2016 7:52:24 PM |