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ABBOTTSTOWN, PA: UAW Local 1968
ABERDEEN, MD: IAM Local 2424
ABERDEEN, MS: USW Local 15198
ABERDEEN, SD: APWU Local 68
ABERDEEN, SD: BLET Local 726
ABERDEEN, SD: IAM Local 862
ABERDEEN, SD: IBEW Local 706
ABERDEEN, SD: NALC Local 502
ABERDEEN, SD: UTU Local 233
ABERDEEN, WA: CWA Local 14760
ABERDEEN, WA: NALC Local 853
ABERDEEN, WA: UBC Local 2084
ABERDEEN, WA: UBC Local 3099
ABERDEEN, WA: UBC Local 317
ABEVILLE, SC: BLET Local 498
ABILENE, TX: APWU Local 827
ABILENE, TX: BLET Local 863
ABILENE, TX: CWA Local 6202
ABILENE, TX: NALC Local 950
ABILENE, TX: NRLCA Local 77
ABILENE, TX: UA Local 654
ABINGDON, IL: OPEIU Local 444
ABINGDON, VA: UMWA Local 2888
ABINGTON, MA: IATSE Local 437
ABSECON, NJ: CWA Local 1012
ABSECON, NJ: IBEW Local 210
ACADEMY, TX: IBEW Local 418
ACAMPO, CA: BCTGM Local 59
ACCOVILLE, WV: UMWA Local 1751
ACCOVILLE, WV: UMWA Local 5850
ACKERMAN, MS: PACE Local 1452
ACME, PA: BLET Local 50
ADA, OK: AFGE Local 2900
ADA, OK: APWU Local 344
ADA, OK: IBB Local 114
ADA, OK: USW Local 985
ADAIR, OK: IBB Local 414
ADAIRSVILLE, GA: BMWE Local 665
ADAIRSVILLE, GA: TCU Local 6045
ADAMS CENTER, NY: IAFF Local 105
 

How is the Consumer Price Index (CPI) used?

The Consumer Price Index affects nearly all Americans because of the many ways it is used. Three major uses are:

As an economic indicator: The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy. It provides information about price changes in the Nation's economy to government, business, labor, and other private citizens, and is used by them as a guide to making economic decisions. In addition, the President, Congress, and the Federal Reserve Board use trends in the CPI to aid in formulating fiscal and monetary policies.

As a deflator of other economic series: The CPI and its components are used to adjust other economic series for price changes and to translate these series into inflation-free dollars. Examples of series adjusted by the CPI include retail sales, hourly and weekly earnings, and components of the national income and product accounts. An interesting example of this is the use of the CPI as a deflator of the value of the consumer's dollar to find its purchasing power. The purchasing power of the consumer's dollar measures the change in the value to the consumer of goods and services that a dollar will buy at different dates. In other words, as prices increase, the purchasing power of the consumer's dollar declines.

As a means of adjusting dollar values: The CPI is often used to adjust consumers' income payments, for example, Social Security; to adjust income eligibility levels for government assistance; and to automatically provide cost-of-living wage adjustments to millions of American workers. The CPI affects the income of about 80 million persons as a result of statutory action: 48.4 million Social Security beneficiaries, about 19.8 million food stamp recipients, and about 4.2 million military and Federal Civil Service retirees and survivors. Changes in the CPI also affect the cost of lunches for 26.5 million children who eat lunch at school, while collective bargaining agreements that tie wages to the CPI cover over 2 million workers. Another example of how dollar values may be adjusted is the use of the CPI to adjust the Federal income tax structure. These adjustments prevent inflation-induced increases in tax rates, an effect called "bracket creep".

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