Policymakers cling to a 1970s consumer-price index formula that overstates cost increases and drives up automatic spending.

The Social Security Administration looks at year-over-year changes to the CPI-W. It does this specifically for data from the third quarter of the year (the months of July, August, and September). The ...

Consumer prices rose 0.4% last month after increasing 0.2% in July, the largest increase in seven months. The Consumer Price Index, released by the Bureau of Labor Statistics, is a common measure of ...