Experimental CPI for Americans 62 years of age and older
May 29, 2008
The experimental Consumer Price Index for Americans 62 years of age and older, commonly called the CPI-E, has moved somewhat differently than the two official price indexes, the Consumer Price Index for All Urban Consumers (CPI-U) and the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
From December 1982 to December 2007, the experimental CPI-E rose 126.5 percent, compared with increases of 115.2 percent for the CPI-U and 110.0 percent for the CPI-W. That translates into average annual increases of 3.3 percent, 3.1 percent, and 3.0 percent for the CPI-E, CPI-U, and CPI-W, respectively.
There are several reasons why older Americans faced slightly higher inflation rates over the past 25 years. Older Americans devote a substantially larger share of their total budgets to medical care, and medical care inflation has increased rapidly.
Older Americans spend more on shelter relative to the other population groups, and costs for shelter have modestly outpaced overall inflation. Other item categories have contributed to the higher rate of inflation for the elderly population as well: for example, fuel oil prices have outpaced overall inflation, and the typical older American spends a higher proportion of his or her expenditures on fuel oil than does the average consumer.
These data are from the Consumer Price Indexes program. To learn more about the experimental Consumer Price Index for Americans 62 years of age and older, see "The experimental consumer price index for elderly Americans (CPI-E): 1982-2007," by Kenneth J. Stewart, in the Monthly Labor Review (April 2008).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Experimental CPI for Americans 62 years of age and older on the Internet at https://www.bls.gov/opub/ted/2008/may/wk4/art03.htm (visited May 30, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.