Cost Of Living Increase 2024 Estimate

Cost Of Living Increase 2024 Estimate. This is down from the 8.7% cola in 2023. There was a 2.9% increase in july, the labor department reported wednesday that the august figure rose at an annual rate of 2.5%, although the inflation index the cola is based on rose 2.4%.

A single person estimated monthly costs are 346.6$ (29,105.0₹) without rent. In april, social security administration officials estimated the increase would be 3.3% for 2024, while the senior citizens league pegged it at 3.1% in may before.