How Do You Ask For A Raise Based On Cost Of Living?
You can feel more assured when asking for a raise based on the cost of living after thoroughly learning about the Consumer Price Index. The CPI is a program that generates monthly data based on fluctuations in prices paid for goods and services by consumers who represent specific cities or towns. Understand CPI’s uses. As an economic indicator, the CPI measures inflation. Some see it as a reflection of government economic policy effectiveness because it indicates price changes affecting public, private and governmental citizens. Additionally, each of these entities uses CPI as a model for economic decision-making. Learn how the CPI adjusts dollar values. Simply stated, when prices for goods and services increase, the purchasing power of a consumer’s dollar decreases. Know the different populations affected by CPI. The CPI determines changes to a consumer’s salary such as his Social Security tax. The CPI also makes adjustments for income eligibility levels for governmental assistance pr
