- Hurricane-boosted gasoline prices have caused a two-month surge in overall inflation.
- The Social Security cost-of-living adjustment will be 2.0% for 2018, lower than the Social Security Administration’s projection but higher than looked likely three months ago.
- The I Bond will get a new variable rate of 2.48% on November 1, an attractive number that was also boosted by the two-month surge in inflation.
Also, I have updated my Tracking Inflation and I Bonds page with the new numbers.
And here are the new November inflation indexes for all Treasury Inflation-Protected Securities.
Yes, the purchase limit is not affected by an I Bond redemption. It remains $10,000 per person per year.