5 Things to Know About Inflation

Inflation is a Historic Reality

The CPl-W (Consumer Price lndex for Urban Wage Earners And Clerical Workers) is used to track inflation and annually adjust benefits paid to Social Security beneficiaries and Supplemental Security lncome recipients. Back in January 2000, the CPl was 165,600. By December 2022, it was 291,051, not quite double. That's a steep reduction in the dollar's buying power oчer the last 22 years, As an example, $100 worth of groceries purchased in January 2000 might have cost $175.76 in December 2022 according to the CPl-W.​

https://www.ssa.gor/oact/STATS/cpiw.html
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