Even so, a recent poll by the AARP, an advocacy group for older Americans, found that many seniors think the retirement program's inflation adjustments are falling short and that they need an annual ...

Recipients, including retirees and their spouses, as well as those who receive disability benefits and Supplemental Security Income, will see the additional benefit starting in January.

What does this mean for the average consumer? Prices for everyday goods and services are still rising — but not as quickly as before.