Inflation Transparency for Seniors Act This bill requires the Social Security Administration (SSA) to include information about specified consumer price indexes and their effects on Social Security benefits in account statements. Specifically, the SSA must (1) include the most recent 10-year projections of the Consumer Price Index for All Urban Consumers, and (2) explain that cost-of-living increases for Social Security benefits are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers.