Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W),

Definition of Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W):

1. The Consumer Price Index for Urban Wage Earners and Clerical Workers is updated monthly, usually with a one-month lag.

2. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is a variation of the consumer price index, as complied by the Bureau of Labor Statistics (BLS) in the United States, that measures the changes in consumer prices certain workers are exposed to. The index is primarily used on an annual basis, to reflect changes in the costs of benefits paid to Social Security beneficiaries.

3. An economic metric that measures prices for a basket of goods and services that specific demographic classifications are exposed to. The monthly index is used to determine Social Security and other income-related benefit programs.