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SoFloDenny

(58 posts) Wed Aug 10, 2022, 04:21 PM Aug 2022

2023 COLA Update: CPI-W Up 9.1%

The CPI-W index is used to calculate the 2023 COLA payment that will start in January. This index measures increases in the prices of consumer goods. This category includes food and beverages, housing, clothing, transportation, medical care, recreation, and education.

This index is up 9.1% over the last 12 months.

The actual 2023 COLA will be calculated in mid-October. At that time, government computers will average the increase for July, August, and September. That will determine the January 2023 COLA increase.

https://www.fedsmith.com/2022/08/10/2023-cola-update-cpi-w-up-over-9-percent/

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3 replies

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2023 COLA Update: CPI-W Up 9.1% (Original Post) SoFloDenny Aug 2022 OP

Good. pwb Aug 2022 #1

Good news for retirees with fixed rate mortages Shermann Aug 2022 #2

I remember Trumpists complaining they never got a COLA increase doc03 Aug 2022 #3

pwb

(12,549 posts)

1. Good.

Reply to SoFloDenny (Original post)

Wed Aug 10, 2022, 04:23 PM

Aug 2022

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Shermann

(9,015 posts)

2. Good news for retirees with fixed rate mortages

Reply to SoFloDenny (Original post)

Wed Aug 10, 2022, 04:47 PM

Aug 2022

The bad news is that the CPI-W (Consumer Price Index for Urban Wage Earners and Clerical Workers) generally doesn't keep up with the CPI-E (Consumer Price Index for the Elderly).

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doc03

(38,930 posts)

3. I remember Trumpists complaining they never got a COLA increase

Reply to SoFloDenny (Original post)

Wed Aug 10, 2022, 05:13 PM

Aug 2022

when Obama was president. Now they will blame Biden when they get a raise.

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