§ 359.11. What is the semiannual inflation rate?
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/us/cfr/t31/s§ 359.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The index used to determine the semiannual inflation rate is the non-seasonally adjusted CPI-U (the Consumer Price Index for All Urban Consumers for the U.S. City Average for All Items, 1982-84 = 100) published by the Bureau of Labor Statistics of the U.S. Department of Labor. (For further information on CPI-U considerations, see appendix C to part 359 at section 1.) The semiannual inflation rate reflects the percentage change, if any, in the CPI-U over a six-month period. We announce this rate twice a year, in May and November.
The semiannual inflation rate we announced in May 2002 reflects the percentage change between the CPI-U figures from the preceding March 2002 and September 2001. The rate of change over the six-month period, if any, will be expressed as a percentage, rounded to the nearest one-hundredth of one percent. More specifically, the semiannual inflation rate will be determined by the following formula (the resulting rate will be rounded to the nearest one-hundredth of one percent): Semiannual inflation rate = (CPI − UCurrent − CPI − UPrior) ÷ CPI −UPrior
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§ 359.11
What is the semiannual inflation rate?
C.F.R.×1
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