June COLA Announced
The Consumer Price Index increased another 0.2 percent in
June, rising to 234.702. It now stands 1.9 percent above the FY2014 COLA
baseline of 230.327.
Information for the Consumer Price Index for the month of
July is scheduled to be released on August 19.
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.