Business

Inflation Pressures on Consumers

Updated 2026-06-10 15:10 UTC 2 sources Negative

Beef prices may rise due to the screwworm's presence in Texas, adding to inflation concerns. Social Security’s cost of living adjustment for 2027 is projected at 4.7%, impacting millions of older Americans.

Coverage timeline — 2 articles

CNBC

What screwworm's appearance in U.S. cattle could mean for beef prices this summer

The arrival of the invasive New World screwworm in Texas could hit consumers this summer with beef prices already an acute source of inflation.

2026-06-10 14:47 UTC

MarketWatch

Social Security’s COLA could be 4.7% in 2027 as inflation hits the highest level in 3 years

A total of 44% of older Americans depend on Social Security for all of their income, according to the Senior Citizens League.

2026-06-10 15:00 UTC