B - 19 Months
October CPI Released
The Bureau of Labor Statistics announced that inflation rose 0.1% in October due to slight increases in energy and new car prices. The CPI is the measure used to make annual cost-of-living adjustments to military retired pay, survivor benefits, Social Security and other federal pensions.
However, the year-to-date number remains 1.8% in the hole as compared to the 2008 COLA base. So we still have a long way to go before retirees will see any COLA increase for 2011.
At the October rate of 0.1%, it will take approximately 19 months before we will get out of the “COLA hole!”
----------------------------------------------
View historical CPI and COLA tables
