While everyone has been watching inflation closely, Thursday’s Consumer Price Index is especially important for millions of retirees and others who depend on Social Security benefits. That’s because the annual cost of living adjustment for 2023 is based on the September monthly CPI number. Given that we’ve already seen inflation increase 8.2 percent over the past year, it’s likely that we’ll see one of the biggest increases in Social Security checks in more than 40 years.

Guests: Axios’ Neil Irwin and Sam Robinson.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Fonda Mwangi, Ben O'Brien and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

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