Tag: cpi
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A rising CPI may signal an earlier Fed pause.
The October Consumer Price Index (CPI) Report showed hints of easing U.S. inflation. Food and energy costs climbed 0.4% and 0.3%, respectively. The year-over-year inflation rate fell to 7.7%. This is just one month of pricing statistics, but it suggests U.S. inflation may be reducing as prices decline monthly in absolute terms. Still, inflation isn’t…
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When Will the 2023 Social Security COLA Increase Show Up In Your Checks?
The cost-of-living rise for Social Security is 8.7%, which is the highest in four decades. The greatest yearly rise since 1981, the Social Security Administration said on Thursday that payouts would increase 8.7% in 2023. The difference in inflation between the third quarter of the previous year and the current year, in this case July-September…