Tag: chained cpi
![A picture of inflation rate word and notepad with pen, smartphone calculator and grocery receipt](https://crr.bc.edu/wp-content/uploads/2023/09/A-picture-of-inflation-rate-word-and-notepad-with-pen-smartphone-calculator-and-grocery-receipt-1536x1025.jpeg)
But it shouldn’t be used as a precedent for Social Security. Both the House and Senate tax cut proposals change the measure of inflation used to adjust the income thresholds in the tax schedule. This shift to a “chained” consumer price index (CPI), which makes sense on the tax side, has also been proposed in…
![Portrait of modern senior woman with shopping cart choosing fruits and vegetables in supermarket](https://crr.bc.edu/wp-content/uploads/2016/10/Portrait-of-modern-senior-woman-with-shopping-cart-choosing-fruits-and-vegetables-in-supermarket-1536x1025.jpeg)
This annual adjustment always raises the question of what’s the right price index. The Social Security Administration recently announced that in 2017 beneficiaries will receive a cost-of-living adjustment of 0.3 percent, after having received no increase for inflation in 2016. Automatic indexing is generally viewed as a positive feature of social security systems, bot…