Right now, benefits are set by a complex formula when a person first retires, and then are adjusted for inflation using the consumer price index. |
But the principal value is adjusted twice a year to reflect inflation, as measured by increases in the consumer price index. |
Index the 60 per cent of median income to the consumer price index, and by 2001, only 2 per cent of people fell below the line. |
In the present U.S. system, benefits after retirement are indexed to the consumer price index. |
The consumer price index suffered its first contraction in 16 years last year, largely due to lower food and clothing prices. |
In recent years, software publishers have hit consumers with a double whammy that very likely escapes the consumer price index. |