Shortages, booming demand are driving prices higher and sparking inflation fears! If you’ve bought gas, a car or a BLT from Joe’s recently, you already know that prices are rising. The consumer price index (CPI), the government’s main gauge of inflation, jumped 0.8 percent in April and 4.2 percent over the past year. It’s the …
Tag: Consumer Price Index
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Nov 03 2020
Benefits increase 1.3% in January
The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2020. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA …
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