New Inflation Index For Retirees Skyrockets! The RRI Dec. YOY: 4.47% Retired Seniors Getting Squeezed as Energy, Drug and Food Prices Rise Sharply.

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The underlying rate of U.S. inflation for retirees accelerated in November. Unadjusted CPI-E: Year over Year = 4.16 % driven by a 5.7% gain in energy prices, the fastest increase in energy prices since March. This is the biggest gain in consumer prices in more than two years. Food prices rose 0.3%, and drug prices also spiked.

New inflation index for retirees released monthly to provide better financial planning replacing the CPI-U as 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.

H Craig Rappaport, the author of Live Long Live Rich, understands that A 67 year old will be spending a larger portion of his/her income on healthcare, prescription medication and travel than a 40 year old.

The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 20 years but does not release the results. It is called the Consumer Price Index for the Elderly. It is, along with the CPI, not forward looking and therefore inherently flawed for planning purposes. The Rappaport Retirement Index uses the CPI-E 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.

Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.

For further information contact: Craig Rappaport at 610-254-1110, via email at Rappaport @ livelongliverich.com or through the website at http://www.livelongliverich.com.
For the latest index reading visit: Rappaport Retirement Index

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