Consumer Costs Rise as Core CPI Hits 3.1%, Erasing Your $49 Social Security Increase
Consumers are feeling the pinch as recent economic indicators reveal a surge in core inflation, with the Consumer Price Index (CPI) excluding volatile food and energy prices rising by 3.1% over the past year. This increase effectively offsets the $49 monthly boost provided by Social Security cost-of-living adjustments (COLA) for many seniors, leaving many retirees...
