(KTLA) -- It's not exactly a bright spot, but it is a sign of the times. It's a near-certainty that Social Security beneficiaries will receive a record cost-of-living adjustment next year as inflation stubbornly remains at a 40-year high. The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index surged by 9.1% in June from a year before. That's well ahead of the 8.6% rate seen in May and surpassed the 8.8% rate expected by many economists. The nonpartisan Senior Citizens League now estimates that Social Security recipients will receive a 10.5% cost-of-living adjustment for 2023. That would translate to average monthly checks climbing by $175.10 to $1,668
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