The government calculated inflation statistic has multiple impacts in the economy. One result is the adjustment that is made to social security payments made to retirees. Social Security payments are adjusted, cost of living adjustment (COLA) based on governments review of price changes.
Read the following article:
https://www.kiplinger.com/article/retirement/t051-c000-s010-what-is-the-social-security-cola.html (Links to an external site.).
The article discusses how the COLAs are not keeping pace.
For your assignment, you should read the article referenced and locate one article that discusses the accuracy of the CPI index in measuring inflation. After you find an article, you need to provide a brief summary of both articles and your observations/interpretations of the articles.
Discuss how the two articles relate to each other.