The U.S. Bureau of Labor Statistics (BLS) reports the CPI on a monthly basis and has calculated it as far back as 1913. Indexes for the remaining 20 published metropolitan areas are available only on a bimonthly basis. The CPI-W represents about 29 percent of the total U.S. population.There can be small differences in movement of the two indexes over short periods of time because differences in the spending habits of the two population groups result in slightly different weighting.

CPI-U and CPI-W indexes are calculated using measurement of price changes of goods and services with the same specifications and from the same retail outlets. d. the prices of some consumer goods. This is calculated by first determining the index point change between the two periods and then determining the percent change. BLS recommends that users adopt the U.S. City Average CPI for use in escalator clauses.The U.S. City Average CPIs are published on a seasonally adjusted basis as well as on an unadjusted basis. The Consumer Price Index (CPI) measures the average change in the prices paid for a market basket of goods and services. The Bureau of Labor Statistics neither encourages nor discourages the use of price adjustment measures in contractual agreements. The CPIs for most metropolitan areas are not published as frequently as are the data for the U.S. City Average and the four regions. You can find upcoming CPI release dates on our schedule page. The CPI-U represents about 93 percent of the total U.S. population and is based on the expenditures of all families living in urban areas. These items are purchased for consumption by the two groups covered by the index: All Urban Consumers (CPI-U) and Urban Wage Earners and Clerical Workers, (CPI-W).Escalation agreements often use the CPI—the most widely used measure of price change—to adjust payments for changes in prices. represents changes in the prices of all goods and services purchased for consumption by urban households. The primary use of seasonally adjusted data is for current economic analysis. This article describes the impact the COVID-19 pandemic has had on price changes for food categories within the U.S. Bureau of Labor Statistics import/export price indexes, producer price indexes, and consumer price indexes. Also, while BLS can provide technical and statistical assistance to parties developing escalation agreements, we can neither develop specific wording for contracts nor mediate legal or interpretive disputes which might arise between the parties to the agreement.Additional information may be obtained from the Consumer Price Index Information Office at The Bureau always provides timely notification of upcoming revisions or changes in the index base.The CPI is calculated for two population groups: All Urban Consumers (CPI-U) and Urban Wage Earners and Clerical Workers (CPI-W). U.S. Bureau of Labor Statistics Postal Square Building 2 Massachusetts Avenue NE Washington, DC 20212-0001 Telephone: 1-202-691-5200 Federal Relay Service: 1-800-877-8339 www.bls.gov … b. the prices of all final goods and services. These numbers are released by the Bureau of Labor Statistics. This should include the population coverage (CPI-U or CPI-W), area coverage (U.S. City Average, West Region, Chicago, etc. About the CPI Inflation Calculator The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. Consider whether to make an allowance for a “cap” that places an upper limit on the increase in wages, rents, etc., or a “floor” that promises a minimum increase regardless of the percent change (up or down) in the CPI.Provide a built-in method for handling situations that may arise because of major CPI revisions or changes in the CPI index base period. For these reasons, the use of seasonally adjusted data in escalation agreements is inappropriate.Escalation agreements using the CPI usually involve changing the base payment by the percent change in the level of the CPI between the reference period and a subsequent period. The Bureau of Labor Statistics (BLS) publishes the Consumer Price Index for Urban …
In July, the Consumer Price Index for All Urban Consumers rose 0.6 percent on a The purpose of seasonal adjustment is to remove the estimated effect of price changes that normally occur at the same time and in about the same magnitude every year (e.g., price movements due to the change in weather patterns, holidays, model change-overs, end-of-season sales, etc.). The long-term movements in the indexes are similar. Average price data for select utility, automotive fuel, and food items are also available. Contact BLS for information on the frequency of publication for the 23 metropolitan areas.Adjustments are usually made at fixed intervals, such as quarterly, semiannually, or, most often, annually.Determine the formula for the adjustment calculation. There is about a two-week lag from the reference month to the date on which the index is released (that is, the CPI for May is released in mid-June). The most frequently used escalation applications are in private sector collective bargaining agreements, rental contracts, insurance policies with automatic inflation protection, and alimony and child support payments.The following are general guidelines to consider when developing an escalation agreement using the CPI:Define clearly the base payment (rent, wage rate, alimony, child support, or other value) that is subject to escalation.Identify precisely which CPI index series will be used to escalate the base payment. The CPI-W is used for escalation primarily in blue-collar cost-of-living adjustments (COLAs).


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