Radnor, PA, September 24, 2015 --(PR.com
)-- Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign but increased inflationary pressures increases on both the month-over-month and year-over -year figures.
For 2013, the RRI YOY registered a 1.62 percent increase in prices for consumers age 62 and older.
For 2014, the RRI YOY dipped to 1.32 percent with the average YOY ending at 1.8%.
For June, 2015 the RRI increased a scant .06% which is a large drop from last month’s reading with no inflation in site.
Year-Over-Year data rose to .67%.
A drop in transportation costs was not offset by other increases resulting in the index scoring its smallest increase to date. Benign readings in other areas resulted in a slight drop in inflation for June.
“The continued drop in energy prices has given seniors room to absorb costs is other expenditures,” said H Craig Rappaport, creator of the Rappaport Retirement Index and President of Rappaport Wealth Management. “With no increases in Social Security payments expected and low interest rates seniors are catching a break as increased costs have slowed month-over-month and year-over-year.”
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com