CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) measures the average change over time in the prices paid by urban workers and clerical employees for a standard basket of goods and services. It reflects inflation experienced by workers earning wages and is used to adjust Social Security payments and other benefits to maintain their purchasing power. Essentially, CPI-W tracks how much prices for common goods and services fluctuate, helping to ensure income adjustments keep pace with living costs.