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The Social Security COLA is determined by comparing the Consumer Price Index (CPI) from the third quarter of the current year with the third quarter of the previous year. In other words, the 2025 ...
Social Security benefits are protected from inflation by cost-of-living adjustments (COLAs), annual pay increases tied to a subset of the Consumer Price Index known as a the CPI-W. The 2025 COLA ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
If the Social Security Administration had used the CPI-E to calculate the 2025 COLA, seniors would have gotten a 3% raise instead of 2.5%. That would've increased the average check by $58 per month.
Recent inflation data appear to justify those concerns. The Consumer Price Index (CPI) -- often referred to as the "headline" inflation number -- jumped 2.6% year over year, higher than the 2025 COLA.
Core CPI (blue) is less volatile than the full CPI-U (red), shown here as the annual percentage change, 1983–2021. A Core CPI index is a CPI that excludes goods with high price volatility, typically food and energy, so as to gauge a more underlying, widespread, or fundamental inflation that affects broader sets of items. More specifically ...
The Social Security COLA is an annual adjustment in benefits intended to help prevent the erosion of the buying power of those benefits due to inflation. Because of inflation, $100 in benefits ...
Image source: Getty Images. Social Security benefits get a 2.5% cost-of-living adjustment (COLA) in 2025. Social Security recipients get annual cost-of-living adjustments (COLAs) to protect the ...