The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.5 percent in July, prior to seasonal adjustment. The July level of 216.304 (1982-84=100) was 6.2 percent higher than in July 2007. This equates to $1,498 annually for NALC postal employees covered under the National Contracts. The COLA will be effective the pay period beginning August 30 and received in checks on September 19. The new COLA is equivalent to 72 cents per hour
($57.60 per pay period).
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May 2008 CPI-W COLA
"...The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.0 percent in May 2008 according to the Bureau of Labor and Statistics (BLS)..."
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