National Active and Retired Federal Employees Association National Active and Retired Federal Employees Association NARFE
NARFE National Active and Retired Federal Employees Association

National Active and Retired Federal Employees Association
National Active and Retired Federal Employees Association
National Active and Retired Federal Employees Association
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Last update: 09/2/2010.

   
 
JULY 2010 CONSUMER PRICE NEWS


The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), for the month of July, was unchanged.  Released by the Bureau of Labor Statistics (www.bls.gov/cpi or 202/691-6994) on August 13, the CPI-W for July is 213.898.  For purposes of calculating the next COLA (cost-of-living adjustment), the index, which will be averaged with the August and September indices, is still 0.74 percent below the 2008 third quarter average base index of 215.5.  (Due to price deflation, in the past measurement year, the 2008 third quarter average is still the point of comparison.)  August consumer price indices will be released Friday, September 17, 2010. (The formula for CPI calculation appears on page 6 of the 19 page BLS release. The URL is http://www.bls.gov/news.release/pdf/cpi.pdf) 

Benefits awarded under the Federal Employees Compensation Act (FECA) to individuals suffering work-related injuries or illnesses are adjusted according to each calendar year’s percentage change in the CPI-W.  July’s index, 213.898 is 1.0 percent higher than the December 2009 index, 211.703.

CPI-W

Monthly % Change % Toward Next COLA
Oct.

211.5

0.1

-1.9

Nov

212.0

0.2

-1.62

Dec

211.7

-0.1

-1.8

Jan

212.6

0.4

-1.4


Feb

212.5

0.0

-1.4


March


213.525

0.5

-0.9

April

213.96

0.2

-0.7

May

214.124

0.1

-0.6
June

213.839

-0.1 -0.8
July 213.898 0.0 -0.74

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