The CPI, which is compiled by the Bureau of Labor Statistics, is applied to tax bracket adjustments, Social Security benefits, and many other government programs. The Boskin Commission study, which stated in December 1996 that the CPI overstates inflation by 1.1%, has sparked intense discussion about the CPI’s accuracy today. The study would have significant effects on balancing the government budget if it were adopted and used in the creation of economic policy. The lives of Americans who get government benefits as well as those of everyone who pays taxes would be directly impacted. Dean Baker introduces and clarifies the debate’s relevance in this book, then provides the complete text of the Boskin Commission report before discussing both the research process and conclusions of the Commission in a thorough and perceptive study.