Article

2022-10-13 Economy

CPI up +0.4 for Sept; Social Security will rise 8.7% in 2023

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Posted by Lord Garth 2022-10-13 10:02|| || Front Page|| [6 views ] Top

#1 That will help slightly to pay the extra 62% Quaker Old Fashioned Oats now costs me per 10 lb. box.

Posted by Gromble Dribble4342 2022-10-13 10:35|| 2022-10-13 10:35|| Front Page Top

#2 How much will Medicare deductions go up?

Posted by Deacon Blues 2022-10-13 13:20|| 2022-10-13 13:20|| Front Page Top

#3 A fruit, a vegetable, a condiment, and a pasta sauce.

Imagine how much more ketchup one can get!

Not sure what that bakery is complaining about when oatmeal ketchup cookies are the next new tradition!

Posted by swksvolFF 2022-10-13 14:14|| 2022-10-13 14:14|| Front Page Top

#4 ...I'm grateful they didn't cut the raises for SS recipients, and actually somewhat surprised they didn't try to eliminate them entirely for the retired military.

And yes, I know what the law says - but they denied a raise for the retired military some years ago because we all had to do our part.

Mike

Posted by MikeKozlowski 2022-10-13 14:44|| 2022-10-13 14:44|| Front Page Top

#5 SNAP benefits just went up 12.5%. Interesting difference. Guess folks on food stamps experience higher inflation rates than retirees - but what about when those populations overlap?

Posted by Griter Slash1619 2022-10-13 14:44|| 2022-10-13 14:44|| Front Page Top

#6 And I figure true inflation is 16-24-%

Posted by Glenmore 2022-10-13 15:02|| 2022-10-13 15:02|| Front Page Top

#7 (I base on difference between government spending and income compared with GDP.)

Posted by Glenmore 2022-10-13 15:03|| 2022-10-13 15:03|| Front Page Top

#8 Proving again my point: No demographic votes more regularly nor more heavily than old people. Politicians want to be SURE we get goodies just before an election.

And the decrease in Medicare Part B is also nice. But in this era of persistent inflation, I wonder how on earth (other than sheer, naked vote-buying) they justify it. Not that I'm complaining. I'm just curious.

Posted by Tom 2022-10-13 15:08|| 2022-10-13 15:08|| Front Page Top

#9 the SNAP benefit went up ~12% because the adjustment is based on the grocery index not the 'all products' index

and also the calculation year is different as the SNAP adjustment year ends on 30 June vs the SSI adjustment year that ends on 30 Sept.

Posted by Lord Garth 2022-10-13 15:41|| 2022-10-13 15:41|| Front Page Top

#10 In an article about inflation, I noted

Gas: +18.2% Fuel Oil: +58.1%

Question: Can producers twiddle a barrel of oil to get more gas and less diesel and home fuel oils? Making gas cheaper but other fuels more scarce/expensive?

So my last gas was $3.39 because other uses (homes and truckers) are paying more? Another "win" for Brandon!

Posted by Bobby 2022-10-13 16:41|| 2022-10-13 16:41|| Front Page Top

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