Consumer Price Index (CPI)
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services (U.S. Bureau of Labor Statistics).
CPI is a very important economic indicator that should inform your cost-of-living adjustments to retirement benefits, union packages, salary and wage increases.
The CPI numbers are released mid-month, and LGPS will update this page when they are published. These figures are reported by the Bureau of Labor Statistics. You can hear the current figures anytime by calling (202) 691-6994.
The CPI-U is the newer index, reflecting the buying habits of all urban households. The CPI-W is the revision of the “old CPI,” reflecting the buying habits of urban wage earners and clerical workers.
The West Size Class B/C is the CPI based on cities with populations of less than 2,500,000 in 13 Western states (as of February 1, 2018). The Pacific Size Class B/C is a division of the West Region including cities in CA, OR, WA, AK & HI.
Email us at asklgps@lcog.org anytime for more questions regarding this or any other human resources or labor relations related issues.