I retired at 62, so my increase will only be about $30 per month. But just three months ago, my property taxes went up $45 a month. And next week I’m expecting to find out that my medical premium will go up by $50-80 per month in 2015. And the city has already announced 4% increases in water and power rates. For years, these 2% -3% inflation figures have been a fraud. So in just those three areas I’m looking at a probable increase of $100-$150 per month.
Then the basics; eggs, milk, beef, etc. - all the daily items are going up at rates higher than claimed inflation rates. They can claim “on average” but that means nothing to people struggling to get by, the increases in basic items is killer.
They’re liars.
Yup. In recent years my favorite pizza has gone up from $20 to over $30 now. My Social Security cola won't cover my increased food costs.