Posted 10/18/10
With consumers holding back on spending due to high unemployment, rising debt levels, and an increase cost of living, the bad economic news casts a shadow over many Cleveland area families. Even though last month's increase of the Consumer Price Index was 0.1 percent according to the Department of Labor, Social Security recipients won't be getting a cost-of-living increase in their benefits for the second year in a row. Energy, meat, dairy, cereals and baked goods prices all rose in the last month. Corn futures are up to a two-year high as hog and cattle producers try to better manage their costs.
The Hunger Network of Greater Cleveland is looking for donations, volunteers and/or contributions to help greater Cleveland's neediest people.
Sources:
CBS News
Bloomberg
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