The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees every month.
inflation
Posted inBusiness, Local & State, News
What Maine’s back-to-school sales tell us about holiday spending
New state data shows people were willing to spend a little more money this fall, but some shoppers still plan on cutting costs for the holidays.
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Posted inFood & Dining, Recipes
Here’s what Mainers can do to get the most out of their groceries
Use our best kitchen and shopping tips to help save you money and prevent food waste.
Posted inBusiness, News
How Mainers are cutting costs as prices rise
People are clipping coupons, thrifting and buying store-brand items to tighten their budgets as groceries, apparel and transportation have become more expensive.
Posted inBusiness, Local & State, Nation & World, News
Rising inflation strains Americans and affects rent, minimum wage in Maine
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures.
Posted inBusiness, Local & State, News
Maine’s lobster industry broke records. Inflation tells a different story.
The fishery hit historic highs in 2021 and 2024, but the numbers aren’t as rosy as they seem.
Posted inBusiness, Local & State, News
Maine’s minimum wage will get a boost Jan. 1
It will increase from $14.15 to $14.65 as contributions to the state’s new paid family and medical leave program also kick in.
Posted inKennebec Journal, Local & State, News
Augusta’s Project Fresh Start seeks new location so it can keep helping people
The nonprofit organization, which is losing its warehouse at 352 Civic Center Drive in Augusta, provides donated home furnishings, kitchen appliances, dishes and other basic necessities to those who need them.
Posted inBusiness
U.S. inflation rises slightly after 2 years of steady cooling but remains low
Most of the monthly increase in consumer prices reflected an increase in rents and housing costs, a trend that Fed officials expect to fade in the coming months.
Posted inBusiness, Nation & World, News
IMF declares global fight against high inflation is ‘almost won’
In its latest assessment of the global economy, the International Monetary Fund predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025.