S
SPRINGHILL, LA: PACE Local 554
SPRINGTOWN, TX: BLET Local 500
SPRINGVALLEY, OH: IATSE Local 886
SPRINGVILLE, NY: CWA Local 81336
SPRINGVILLE, NY: CWA Local 81353
SPRINGVILLE, UT: BLET Local 221
SPRUCE PINE NC, NC: UMWA Local 140
ST ALBANS, NY: AFGE Local 1988
ST ALBANS, VT: AFGE Local 2076
ST ALBANS, VT: PACE Local 340
ST ALBANS, WV: UMWA Local 1766
ST AMANT, LA: TCU Local 6825
ST ANTHONY, MN: CWA Local 37002
ST AUGUSTINE, FL: BMWE Local 2914
ST AUGUSTINE, FL: CWA Local 3110
ST AUGUSTINE, FL: NALC Local 689
ST BENEDICT, PA: UMWA Local 1368
ST CATHERINE, MO: BLET Local 80
ST CHARLES, IL: IUPAT Local 1285
ST CHARLES, IL: IUPAT Local 30
ST CHARLES, IL: IUPAT Local 97
ST CHARLES, IL: UBC Local 2087
ST CHARLES, IL: UBC Local 363
ST CHARLES, IL: UBC Local 916
ST CHARLES, MO: APWU Local 4853
ST CHARLES, MO: IUPAT Local 1156
ST CHARLES, MO: IUPAT Local 46
ST CHARLES, MO: NALC Local 984
ST CHARLES, MO: UBC Local 1987
ST CHARLES, MO: UMWA Local 2452
ST CHARLES, MO: UWUA Local 455
ST CLAIR SHORES, MI: IAM Local 110
ST CLAIR SHORES, MI: OPEIU Local 42
ST CLAIR SHORES, MI: UAW Local 369
ST CLAIR, MO: USW Local 8139
ST CLAIRSVILLE, OH: CWA Local 4318
ST CLAIRSVILLE, OH: NALC Local 3823
ST CLAIRSVILLE, OH: NALC Local 66
ST CLAIRSVILLE, OH: UMWA Local 9695
ST CLAIRSVILLE, OH: USW Local 3241
 

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".

Local Unions by City:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Find JobsPost JobsForumNewsUnions
AboutContactConditions of UsePrivacy
© 2004-2018 Union Workers®. All rights reserved.