Consumer Price Index dipped 0.2 percent in August, falling to 234.030. It now
stands 1.6 percent above the FY2014 COLA baseline of 230.327. The July, August,
and September CPIs will be used to calculate the 2015 COLA.
MOAA predicts the 2015 COLA to fall somewhere between 1.6 and 1.8 percent.
Information for the Consumer
Price Index for the month of September is scheduled to be released on October
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.