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The official COLA won't be announced by the Social Security Administration until October, but it's worth paying attention to estimates for planning.
How To Calculate Inflation Rates. The two most frequently cited indexes that calculate the inflation rate in the U.S. are the Consumer Price Index (CPI) and the Personal Consumption Expenditures ...
Learn about the Consumer Price Index (CPI), how it measures inflation, affects your purchasing power, and its significance in economic decision-making.
The increase in overall prices – measured by the Consumer Price Index – was 9.1% for the 12 months ending June 2022. Comparatively, inflation is much lower now – the CPI increased by 2.9% ...
There has been a clear trend in TSCL's Social Security COLA predictions. For four consecutive months, the projected increase ...
To calculate the COLA, the Social Security Administration tracks the change in the CPI-W during the third quarter of the year. The average year-over-year increase during this period is used to set ...
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), the index employed to ascertain the COLA, showed a year-over-year increase of only 2.3 percent.