Statistics suggest poor and older Americans will take a broadside if the government ratchets down its inflation gouge. Last week, a Senate advisory panel said the Consumer Price Index overstates inflation by more than 1% and should be replaced by a more accurate measure. The proposal would rein in cost-of-living increases for many federal benefits and the earned income tax credit for the working poor.
Senate Advisory Panel Recommends Consumer Price Index Be Replaced
HeadlineDec 12, 1996