Prime,
The new inflation rates were published today and it is 9.1%. This is based on the consumer price index.
"1"
Thanks for the update. These numbers change... rather quickly these days. I didn't think the 8.5% was absolute. What I found interesting is that it has been so much higher several times in the past.
Inflation is a hard pill to swallow for most people. I am no exception, being on a fixed income, most of which comes from Oregon PERS. My annuity has a 'whopping' 3% COL increase annually. This obviously does not keep up with inflation.
The organization I chair, was planning on submitting a bill to the legislature to get a onetime COL increase of 5%. Looks like we should rethink the figure. 5% made sense when we first started discussing it earlier this year.
If I live long enough, I'll end up in the poorhouse.