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Last update: 02/8/2010.
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Prices Decrease 0.1 Percent in December The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased 0.1 percent in December 2009 according to the Bureau of Labor and Statistics (www.bls.gov/cpi or 202/691-6994). Released on January 15th, the CPI-W for December is 211.703. For purposes of calculating the next COLA (cost-of-living adjustment) the index is currently 1.8 percent below the 2008 third quarter average (due to price deflation, in the past measurement year, the 2008 third quarter average is still the point of comparison) base index of 215.5. January consumer prices indices will be released on Friday, February 19, 2010. December’s data completes the measurement year for the cost- of- living adjustment (COLA) for benefits awarded under the Federal Employees Compensation Act (FECA) to individuals who left the workforce due to work-related injuries or illnesses. FECA benefits are adjusted according to each calendar year’s percentage change in the CPI-W and payable in the following year’s month of April. Because December’s index (211.703) is 3.4 percent higher than the December 2008 base of 204.813 there will be a 3.4 percent cost of living adjustment for FECA beneficiaries who received NO COLA a year ago.
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