. Social Security recipients will get a smaller increase in benefits as inflation cools « JO LEE MAGAZINE

NPR – Consumer prices in September were up 3.7% from a year ago, on par with the previous month. Prices rose 0.4% between August and September, compared to a 0.6% jump between July and August. Rising rents and gasoline prices during September were partially offset by the falling price of used cars and trucks. Inflation has eased in recent months, providing some relief for consumers as well as the Federal Reserve, which has been raising interest rates aggressively since last year. Cooling inflation matters to Social Security beneficiaries in another way. Their annual cost-of-living adjustment, or COLA, is based on the average annual inflation rate for July, August and September.

Therefore at NPR

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