Something’s different about the consumer price index this month The Bureau of Labor Statistics has updated its CPI formula to make it better reflect changes in consumer spending.

The PCE price index was up 2.6% in July year-over-year, according to Commerce Department report released Friday.

Assume, for example, you are 66 years old and you are collecting $14,800 a year in Social Security benefits. If the so-called chained consumer price index calculator is adopted, you will collect ...

If the so-called chained consumer price index calculator is adopted, you will collect $8,905 less in benefits over a 20-year retirement, according to the AARP, which has an online tool to ...

The consumer price index is a weighted average collection of the prices of common goods and services. Changes in the CPI over time are used to estimate the rate of inflation.