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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.