For most Americans, the monthly Consumer Price Index (CPI) report is just another economic headline. However, it can offer important clues about how far your Social Security checks, pensions, and retirement savings may stretch in the months ahead. The June CPI report is scheduled for release on Tuesday, July 14, at 8:30 a.m. EST, and economists, investors, and policymakers will all be paying close attention.
While one month’s inflation report won’t determine your financial future, it can influence everything from grocery prices to interest rates and even expectations for next year’s Social Security cost-of-living adjustment (COLA). Here’s a breakdown of what the report measures (and why it matters) so that you can make educated financial decisions.
