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The retail price of sugar itself has also increased. [13] Due to the sugar shortage, soda manufacturers Coca-Cola Beverages Philippines, Pepsi-Cola Products Philippines, and ARC Refreshments Corporation released a joint statement on August 16, 2022, that they are experiencing a supply shortage of refined sugar or bottlers' grade sugar. [14]
They can also receive funds from public charities for specific issues. The COLAs are made at most annually and are calculated based on the value of the CPI-W in the third quarter of the year (averaging the values from July, August, and September). COLAs can only increase benefits, so in deflationary years when the CPI-W drops there is no COLA. [6]
The 3.2% COLA increase rounds out to about $59 extra per month in benefits, from an average of $1,848 per month to $1,907, according to the Social Security Administration (SSA).
Source: Social Security Administration. Chart by author. For some perspective, the average COLA since 1975 is 3.75%. The highest-ever COLA was 14.3% in 1980. In 2010, 2011, and 2016, there were no ...
Beneficiaries will be getting an increase of 2.5%. The annual Social Security COLA is based on the third-quarter change in the CPI-W, or Consumer Price Index for Urban Wage Earners and Clerical ...
Philippines: Also known as: 349 incident: Type: Sales promotion likely as part of the Cola Wars: Outcome: Market share of Pepsi in the Philippines initially increased from 19.4% to 24.9%. Mistake in ₱1 million grand prize winning bottle cap distribution led to riots and deaths. Deaths: 5
This 2.49% increase was rounded up to become the 2.5% COLA in 2025. If the CPI-W data were reversed and this year's was lower, there wouldn't be a COLA in 2025. How does the 2025 COLA compare to ...
Social Security beneficiaries can expect a much lower cost-of-living adjustment (COLA) in 2024 than they got this year as easing inflation has lessened the need for the kind of historically high ...