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Economic Commentary

The Consumer Price Index and National Saving

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Although a majority of U.S. lawmakers now favor the goal of balancing the federal budget within the next decade, there is little consensus on how to achieve it. One current proposal is that the Consumer Price Index (CPI) should be adjusted to better reflect the cost-ofliving increases that result from inflation. If adopted, this measure will not only improve the long-run deficit outlook but, more importantly, will boost the nation’s flagging saving rate.

10.15.1995ISSN 2163-3738 EC 10/15/1995

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Bryan, Michael F. 1995. “The Consumer Price Index and National Saving.” Federal Reserve Bank of Cleveland, Economic Commentary 10/15/1995.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International