For Social Security Retirees, There's Good and Bad News in the Latest Inflation Report

·4 min read
For Social Security Retirees, There's Good and Bad News in the Latest Inflation Report

The Consumer Price Index for All Urban Consumers (CPI-U), which is the inflation reading most closely followed by economists, rose 8.3% year over year, down from 8.5% in July but still higher than estimates of 8.1%. Also troubling was that core inflation, which excludes food and energy, remained elevated at 0.6% month over month and 6.3% year over year, showing that even prices for less volatile items like clothing or shelter are still rising quickly.