Revised Seasonal Indexes

UPDATED UPDATED Each year with the release of the January CPI, seasonal adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This routine annual recalculation may result in revisions to seasonally adjusted indexes for the previous 5 years. BLS made available recalculated seasonally adjusted indexes, as well as recalculated seasonal adjustment factors, for the period January 2007 through December 2011, on Wednesday, February 15, 2012.

FFor information on seasonal adjustment in the CPI, including revised indexes, seasonal factors, methodology, and actions taken in 2011, see our page on seasonal adjustment.

Social Security COLA

Soon after the publication of September CPI data on October 19, 2011, the Social Security Administration (SSA) announced the annual change in its benefit payments for the coming year for Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs. Specific information on how the Social Security Administration uses the CPI to determine cost-of-living adjustments can be found at http://www.ssa.gov/OACT/COLA/latestCOLA.html.

Expenditure Weight Update

Effective with the January 2010 release the Bureau of Labor Statistics (BLS) has updated the consumption expenditure weights in the Consumer Price Index for All Urban Consumers (CPI-U) and Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to the 2007-08 period. The updated expenditure weights for these indexes replace the 2005-2006 weights that were introduced effective with the January 2008 CPI release. As originally announced by BLS in December 1998, CPI expenditure weights will continue to be updated at two year intervals subsequent to the 2010 updating.

CPI Published Numbers

Effective with the release in February 2007 of the January 2007 Consumer Price Index (CPI), the Bureau of Labor Statistics (BLS) began to publish its consumer price indexes rounded to three decimal places. Percent changes will be calculated from the three decimal place indexes. Those percent changes will continue to be published to one decimal place. For additional information, please see “Publishing Consumer Price Indexes to Three Decimal Places: Questions and Answers”.

Article source: http://www.bls.gov/cpi/

Viking Range Recalls Dishwashers Due to Fire Hazard

WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.

Name of Product: Viking dishwashers

Units: About 2,000

Manufacturer: Viking Range Corporation of Greenwood, Miss.

Hazard: An electrical component in the dishwasher can overheat, posing a fire hazard.

Incidents/Injuries: Viking has received 21 reports of incidents, including five reports of property damage from fires. No injuries have been reported.

Description: The recall includes Viking 24″ Professional, Designer and Custom Panel dishwashers manufactured between May and September 2010. They were sold in black, white and 24 other custom colors, stainless steel and with custom wood panels. The name “Viking” appears on the control panel at the top of the door. The model and serial number are located on the identification plate mounted on the inside on the left side of the dishwasher door opening. The first six numbers in the serial number are the manufacture date in mmddyy format, e.g., serial number 052610 was manufactured on May 26, 2010. Model and manufacture dates included on this recall are:

* Model numbers ending with an E are not included on the recall.

Sold at: Appliance and specialty retail stores nationwide from June 2010 through March 2012 for between $1,425 and $2,000.

Manufactured in: United States

Remedy: Consumers should immediately stop using the recalled dishwashers and contact Viking’s hotline for a free in-home repair.

Consumer Contact: For additional information, contact Viking toll-free at (800) 241-7239 from 8 a.m. to 5 p.m. ET, Monday through Friday or visit Viking’s website at www.vikingrange.com