How do Cost of Living increases affect indexes like the CPI and ACCRA?
Reed of the BLS said, “CPI measures changes in the cost of living, so we hope that [Cost of Living increases] would cause the CPI to move.” Likewise, Villarreal said, “When prices go up then the CPI index goes up. … You’re measuring inflation, which is an overall rise in prices.” The ACCRA Cost of Living Index is not useful for comparisons over time-the “meaning” of 100, the average for all participating places, changes from quarter to quarter, according to Yildirim.
