Price increases remained elevated in September as year-high gas prices and shelter costs kept inflation high and heaped more pressure on consumers, according to new data released Thursday by the Bureau of Labor Statistics.
Social Security recipients will receive an annual cost-of-living adjustment of 3.2% for 2024, a much smaller increase than the inflation-fueled boosts of the past two years, the Social Security Administration announced Thursday.
Price hikes for Pepsi products boosted the company’s bottom line, despite a decline in sales, according to the company’s third-quarter earnings, released Tuesday.
Snack and beverage maker PepsiCo has so far seen “negligible” impact on its business from drugs used for weight loss or diabetes, CEO Ramon Laguarta said during an analyst call Tuesday.