The Social Security Administration determines the program's annual cost-of-living adjustment (COLA) each fall using changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) measured over the July through September period.
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temporal
Describes the recurring method used to calculate annual Social Security COLAs.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) tracks the average change in prices paid by urban wage earners and clerical workers for a basket of commonly purchased goods and services.
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definition
Definition of the CPI-W index used to measure inflation for certain labor cohorts.