The CPI-W for January 2018 was 241.919, for February it was 242.988, for March it was 243.463 and April was 244.546; all are a significant increase over the previous months.
Their average is also significantly higher than the 2017 benchmark average. That average is 239.668
The CPI-W is up 2.6% over the last twelve months compared with 2.4% last month.
While this may seem like good news for Social Security Benefits, keep in mind this also means higher prices for goods and services.
The average CPI-W for July, August and September 2018 must reach 246.858 for there to be a 3% COLA.
Categories: Social Security