I read a report earlier that food prices are dropping drastically. Really? I have seen eggs go down to $.99 a dozen, cheese is dropping, even milk. And the cost of oil is creeping up again.
As you all know, those who are on Social Security, the COLA increase is based on the rising cost of oil and food. The figures from October are used.
Well, if the cost of food keeps dropping, and oil fails to make a big jump in October, it looks like another year of no COLA increase.