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Powered by spikes in energy prices, inflation surges to 3.7%

Inflation grew to a 3.7% annual rate in September, according to an Oct. 14 report from the U.S. Bureau of Labor Statistics, up from 3.4% in August. In the last consumer price inflation report before midterm elections, with voters already fed up with higher prices, September’s number was the highest since May, when it…

Social Security benefits increase will hit 3.6% in 2027

WASHINGTON — The Social Security Administration announced on Wednesday that recipients will receive a 3.6% increase in benefits in 2027. The cost-of-living adjustment, or COLA, will begin for 72 million Social Security beneficiaries in January. It will apply for Supplemental Security Income, or SSI, recipients…