While It’s Still Too Early To Know For Sure, Va Claims Insider’s Revised Estimate (As Of May 11, 2022) Is A 2023 Cola Increase Of 8.9%.

December 2023 (cola) to usd. The senior citizens league sees a 2023 cola range from as high as 11.4 percent if the economy remains ‘hot’ and 9.8 percent at the low end if inflation runs cooler or lower than. Historically high inflation eased a bit in july.

Just A Few Weeks Ago, Our.

As of august 2022, the trend toward a 2023 cola is: The decision was enabled after the social. Last year, as fedsmith reported in june, the senior citizens league projected a cola of 5.3 percent.

That Was The Largest Annual Increase Since 1981.

Clark , jul 27, 2022. Inflation rate data by ycharts. If inflation runs “hot” — or higher than the recent average — the 2023 cola could be 11.4%, said mary johnson, the senior.

When Inflation Is Increasing At A Normal Rate, The Cola Generally Falls At Around 1% To 3% Per Year.

As recently as last year the cola was only 1.3%. The senior citizens league has made this prediction based on inflation data so far this year.