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However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
The Social Security Administration will do the same thing to calculate the 2025 COLA, except it'll base its data on the CPI-W figures from 2023 and 2024. It'll be officially announced on Oct. 10, 2024
Consumer Price Index: ... September’s CPI numbers are expected to be announced on Oct. 13, The Senior Citizens League indicated in a press brief shared with GOBankingRates.
The Social Security Administration announced this important change. The Oct. 10 Social Security announcement related to the cost-of-living ... This year's CPI-W data did show prices are up, so the ...
It's possible, though, that the average CPI-W for the third quarter doesn't increase. If this is the case, there will be no COLA. This scenario has happened three times since 1975, most recently ...
Estimates support an increase in inflation at a rate greater than last month. While February recorded an average increase in prices of 7.9%, driven mostly by higher energy prices, March is ...
The annual Social Security cost-of-living adjustment, or COLA, is based on third-quarter inflation data, so it was officially announced in October when the last of the official CPI data from the ...
Each year, usually in October, the Social Security Administration announces the cost-of-living adjustment (COLA) increase for the following year. With the Consumer Price Index (CPI) for September ...