From Al Tompkins | Poynter <[email protected]>
Subject Food prices continue to rise as inflation takes a breather
Date October 14, 2022 10:44 AM
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But Social Security payments are up, too. And Medicare Plan B costs are going down. Plus Taco Bell and a very expensive pair of Levi's. Email not displaying correctly?
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The one-minute meeting
* You can look at the newest inflation figures in a few ways:
+ Inflation is not running as hot as it was the month before and maybe it has peaked.
+ Inflation is still running at a near four-decade high and a little dip is a statistical blip.
+ Blip, dip, peak — who cares? Food, electricity, rents are rising faster than wages and we are going backward.
See what is rising and what is falling and see how you can explore state- and metro-level inflation figures, which can be significantly different from the national figures.

* Social Security recipients will see the biggest cost-of-living increase ever, 8.7%.

* At the same time, Medicare premiums will drop by a handful of dollars per month starting in January. The reason is because the government overestimated the cost of one drug that the FDA approved to treat Alzheimer’s. One drug.

* And let me tell you why some people just paid $87,000 for a 140-year-old worn out pair of jeans. Inside the jeans you will find four words stamped on a pocket that tell the story of a law passed in 1882 you probably have never heard about.

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