"The results of the cost-of-living index
, which the R&D center of Kamu-Sen announces each month regularly, have revealed that inflation weighed down on Turkish civil servants and other spheres of the public a bit more," Koncuk said.
The gradual neglect that took place during the 1920s and early 1930s became painfully obvious on March 20, 1933--just 16 days after President Franklin Roosevelt took office--when Congress passed the Economy Act of 1933, requiring a 15-percent reduction in federal salaries, on the basis of a morethan-20-percent decrease in the BLS cost-of-living index
. Both unions representing federal employees and ex-Commissioner Stewart publicly voiced their dissatisfaction with the act, publicizing the fact that the market basket underlying the index was outdated.
Conceptualizing and Measuring Cost-of-Living and Price Indexes," panel on conceptual measurement, and other statistical issue in developing cost-of-living indexes
, Charles L.
Summary: The cost-of-living index
of July has risen by 5.1 % compared to the same month last year, the High Commission for Planning (HCP) revealed on Monday.
Go to www.usd.edu/brbinfo/and click on ACCRA Cost-of-Living Index
(COLI) to give it a try!
For most of the limitations, the increase in the cost-of-living index
met the statutory thresholds that trigger their adjustment.
Specifically, the concept of a cost-of-living index
is now used as an organizing principle for making decisions concerning the production of the CPI.
Many such savings caps are not changing this year because the increase in the cost-of-living index
fell below the statutory thresholds that otherwise would trigger their adjustment.
information for selected cities is also included in the Salary Guide.)
Poverty lines for rural and metropolitan areas must be based on area-specific cost-of-living index
. Finally, better education and training of the poor can enable them to get better jobs and move out of poverty.
But the important question should not be whether it is possible to construct a perfect index, but rather whether techniques are available for creating a monthly cost-of-living index
that would represent an improvement over the CPI as currently constructed.
Consumer Price Index, there is no official cost-of-living index
for local communities.
The Stigler Committee endorsed the view that, to serve most of its uses, a cost-of-living index
(COLI) is needed.
This question is at the heart of a cost-of-living index
. The problem is that a lot of the goods you consume today did not exist in 1960, among them VCRs, car phones, beepers, personal computers and big screen TVs.
That's because the commission's recommendations, which include ideas for creating a truer cost-of-living index
, have significant budgetary implications.