The June CPI-W indicates we are on track for a very modest COLA. July, August and September numbers will tell the final story.
A COLA effective for December of the current year (end of December 2016) is equal to the percentage increase (if any) in the average CPI-W for the third quarter of the current year over the average for the third quarter of the last year (2014) in which a COLA became effective. If there is an increase, it must be rounded to the nearest tenth of one percent.
If there is no increase, or if the rounded increase is zero, there is no COLA.
2014 July 234.525 August 234.030 September 234.170 Average 234.242
2016 June 235.308
Categories: Social Security