Military service members feeling inflation awaiting pay increase

U.S. service members and their families are facing inflation while awaiting a pay increase included in upcoming legislation.

Inflation ticked down to 8.3% for the 12 months ending in August, which was still hotter than expected. The consumer price index released by the Bureau of Labor Statistics on Tuesday showed that the energy index fell 5% on the month but is still at a sky-high 23.8% for the 12 months ending in August, while food prices increased by more than 11% during that same period.