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COLA heating up again
Old 07-26-2014, 02:03 PM   #1
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COLA heating up again

The Consumer Price Index climbed once again in June, surpassing last year’s high. Can higher interest rates be far behind?

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The Consumer Price Index increased another 0.2 percent in June, rising to 234.702. It now stands 1.9 percent above the FY2014 COLA baseline of 230.327.
COLA Watch : MOAA
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Old 07-26-2014, 02:31 PM   #2
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I bet the CPI dips for July. CPI-U for June included arelatively large bump in energy costs, in particular the gasoline index. For all items less food and energy (the two moste volatile) the June bump was 0.1%

Here's the July 22 release for the data MOAA picked up: http://www.bls.gov/news.release/pdf/cpi.pdf
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Old 07-26-2014, 02:45 PM   #3
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Quote:
Originally Posted by M Paquette View Post
I bet the CPI dips for July. CPI-U for June included arelatively large bump in energy costs, in particular the gasoline index. For all items less food and energy (the two moste volatile) the June bump was 0.1%

Here's the July 22 release for the data MOAA picked up: http://www.bls.gov/news.release/pdf/cpi.pdf
The CPI-W and CPI-U are two different indexes. CPI-W is the only one that counts for military pensions and SS increases.
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Old 07-26-2014, 04:01 PM   #4
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Originally Posted by BLS53 View Post
The CPI-W and CPI-U are two different indexes. CPI-W is the only one that counts for military pensions and SS increases.
Yes, I believe that to be the case.

Looks like that increase is very close to the same this time for both indices. Looking at the non-seasonally adjusted values in the link given, the CPI-W is just 0.1 percent behind the CPI-U:
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.1 percent over the last 12 months to an index level of 238.343 (1982-84=100). For the month, the index rose 0.2 percent prior to seasonal adjustment.
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The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.0 percent over the last 12 months to an index level of 234.702 (1982-84=100). For the month, the index rose 0.2 percent prior to seasonal adjustment.

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Old 07-26-2014, 08:58 PM   #5
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If CPI inflation stays up the next three months like it has the previous 3 months, I Bonds will pay about 3.5% fixed the next 6 month cycle. I doubt it will as I am guessing like M Paquette it reverses back a bit the next few months.


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Old 10-23-2014, 08:01 AM   #6
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Looks like 1.7% will be the number for next year.

COLA Announced for 2015: It’s 1.7% : FedSmith.com
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