Consumer Price Index For Urban Wage Earners And Clerical Workers - CPI-W

Loading the player...

DEFINITION of 'Consumer Price Index For Urban Wage Earners And Clerical Workers - CPI-W'

A variation of the consumer price index, as complied by the Bureau of Labor Statistics in the United States, that measures the consumer prices certain workers are exposed to. The index is primarily used on an annual basis, to reflect changes in the costs of benefits paid to Social Security beneficiaries.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is updated monthly - usually with a one-month lag.

BREAKING DOWN 'Consumer Price Index For Urban Wage Earners And Clerical Workers - CPI-W'

The CPI-W is calculated using the same data collected by the Bureau of Labor Statistics, but includes information from only certain demographics: those households with at least 50% of the household income coming from clerical or wage paying jobs, and at least one of the household's earners must have been employed for at least 70% of the year.

The CPI-W is used as a benchmark for many benefit plans in order to reflect changes in the cost of benefits, but it can also be used in calculating future contract obligations.

RELATED TERMS
  1. Consumer Price Index - CPI

    A measure that examines the weighted average of prices of a basket ...
  2. Cost-of-Living Adjustment - COLA

    An adjustment made to Social Security and Supplemental Security ...
  3. Indexed Earnings

    A worker's past wages that have been adjusted for changes in ...
  4. Demand For Labor

    A concept that describes the amount of demand for labor that ...
  5. Bureau Of Labor Statistics (BLS)

    A government agency that produces a range of economic data which ...
  6. Average Industrial Wage

    The mean hourly rate of pay for workforce members of a given ...
Related Articles
  1. Retirement

    Social Security COLA Unlikely for 2017

    Social Security recipients will most likely see no increase in their monthly benefit in 2017 unless inflation moves up between now and September.
  2. Financial Advisor

    Social Security COLA in 2016? Not Likely

    A cost of living increase for Social Security doesn't look likely in 2016. Here's what retirees should know and what they can do about it.
  3. Retirement

    Social Security Changes for 2016

    Every year, Social Security undergoes a set of changes. For 2016, some features are staying the same and others are disappearing.
  4. Retirement

    Elizabeth Warren's Solution to No COLA Increase in 2016

    Sen. Warren plans to increase in Social Security benefits in place of a COLA in 2016.
  5. Markets

    The Consumer Price Index: A Friend To Investors

    As a measure of inflation, this index can help you make key financial decisions.
  6. Markets

    Will You See Higher Wages In 2015?

    It's been a few years into the economic recovery from the Great Recession, and the employment picture has been rocky.
  7. Markets

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  8. Markets

    America’s Labor Market: Hidden Distortions and Uncertain Forecasts

    Employment reports released by the Bureau of Labor Statistics have a profound impact on political, business, consumer, and investor behavior.
  9. Markets

    How Education And Training Affect The Economy

    Education and training benefit not only the worker, but also the employer and the country as a whole.
  10. Markets

    Minimum Wage Increase: Will Technology Help Margins for U.S. Companies? (MCD, MSFT)

    Discover why the $15 per hour minimum wage movement may unintentionally be sowing the seeds for a new crop of jobs-stealing robots.
RELATED FAQS
  1. Whose buying habits does the consumer price index (CPI) reflect?

    Learn which groups of individuals the consumer price index analyzes in an effort to gauge price changes across a broad range ... Read Answer >>
  2. Why isn't the cost-of-living adjustment mandatory?

    Learn why increases in the cost-of-living adjustment, or COLA, for Social Security benefits don't occur each year automatically. Read Answer >>
  3. Are Social Security benefits adjusted for inflation?

    Learn how the Social Security Administration adjusts benefit amounts for inflation, and how 1970s inflation triggered this ... Read Answer >>
  4. Is the consumer price index (CPI) the best measure of inflation?

    Discover how the CPI is one of the most used indexes to measure inflation, but due to its limitations, the PPI and GDP deflator ... Read Answer >>
  5. What area of the consumer price index (CPI) should I use if there is no CPI for the ...

    Learn what data is published by the Bureau of Labor Statistics and how to use the various Consumer Price Index data sets ... Read Answer >>
  6. How does the Bureau of Labor Statistics determine the Consumer Price Index (CPI)?

    Changes in the average price level of more than 200 goods and services across the U.S. economy are used to determine the ... Read Answer >>
Hot Definitions
  1. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  2. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  3. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  4. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  5. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  6. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
Trading Center