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SoFloDenny

SoFloDenny's Journal

September 25, 2022

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August 10, 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.

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

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