CPI

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Inflation Has Cooled. So Has This Social Security Estimate

Recipients may see 2024 cost-of-living adjustment of just 2.7%, down from this year's 8.7%

(Newser) - This year's Social Security cost-of-living adjustment, or COLA, was the highest in four decades, coming in at 8.7% to account for record inflation. Beneficiaries shouldn't expect quite such a boost for 2024. According to new government data, the annual inflation rate fell in May to its lowest...

10th of Every Month Is Now a Huge Political Day
10th of Every Month
Is Now a Huge Political Day
the rundown

10th of Every Month Is Now a Huge Political Day

All eyes are on the once-boring monthly inflation report

(Newser) - The first Friday of each month used to be the big day in terms of financial data, because that's when the new unemployment figures are released. As Axios reports, that has changed this year. The new big day: the 10th of every month, when the consumer price index comes...

Why the Left Hates 'Chained CPI'

Obama's proposed Social Security changes are not popular with liberals

(Newser) - President Obama is making some concessions to Republicans in his new budget, and there's one that has particularly rankled the Democrats' ranks, reports MSNBC : A proposal to change the way Social Security benefits are determined by linking it to something called "chained CPI." So what is it...

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