Cola Increase 2024 Prediction. I suspect inflation will increase in q3 enough to bump the cola above the projected 2.6% to 2.7% range. Federal ssi payment levels will also increase by 3.2 percent effective for payments made for january 2024.
Inflation increased 3% in june compared to the same time last year, according to the most recent report from the u.s. I suspect inflation will increase in q3 enough to bump the cola above the projected 2.6% to 2.7% range.