Protecting Retirees Against Inflation

Inflation is running at 8.3 percent annually. This is a retrospective rate. It tells us that prices this April were 8.3 percent higher than last April. On a prospective basis, things look far better. April’s monthly price rise was 0.3 percent, down from 1.2 percent in May. At that pace, inflation over the next twelve months will be just 3.7 percent. The

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