Consumer Price Index Adjustments

The chairman and ranking member of the Senate Finance Committee and the five economists on the Consumer Price Index Commission released the… read more

The chairman and ranking member of the Senate Finance Committee and the five economists on the Consumer Price Index Commission released the committee’s final report on proposed changes to how the Consumer Price Index is computed. They argued that the index has been overestimating inflation by about 1 percent for several years due to various flaws in the index. The index is computed by taking the average prices of certain products and services from around the nation. It is used to provide cost of living increases to government payments, such as social security. close

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Consumer Price Index Adjustments

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Program ID:
77150-1
Category:
News Conference
Format:
Congressional News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Dec 04, 1996 | 12:36pm EST | C-SPAN 2
Last Aired:
Dec 08, 1996 | 3:56pm EST | C-SPAN 2

Airing Details

  • Dec 04, 1996 | 12:36pm EST | C-SPAN 2
  • Dec 04, 1996 | 6:14pm EST | C-SPAN 1
  • Dec 04, 1996 | 8:00pm EST | C-SPAN 1
  • Dec 05, 1996 | 5:54am EST | C-SPAN 1
  • Dec 08, 1996 | 3:56pm EST | C-SPAN 2
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Consumer Price Index Adjustments

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