Policymakers cling to a 1970s consumer-price index formula that overstates cost increases and drives up automatic spending.

The federal government recalled some furloughed workers specifically to produce the inflation report, which plays a key role ...

Technical factors held down the government's consumer price index in April, but economists say inflation isn't whipped. The measure of prices rose 0.2 percent in April, down from 0.3 percent in March, ...