July COLA Announced
The Consumer Price Index dipped 0.1 percent in July,
falling to 234.525. It now stands 1.8 percent above the FY2014 COLA baseline of
230.327. The July, August, and September CPIs will be used to calculate the
Information for the Consumer
Price Index for the month of August is scheduled to be released on September
Government retired pay promises must be kept, including annual cost-of-living adjustments (COLA) to prevent erosion of retirees' purchasing power by inflation.
Retired pay and active duty pay increases are different in most years because they are based on different compensation principles.