Data for last three months of 2018 shows that the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, which is what the Social Security Administration uses to calculate the COLA, has dropped by 1.8 percent compared to the last three months of 2017.
The Senior Citizens League’s estimate for COLA in 2020 using the CPI-W, meanwhile, is currently at 0.1 percent using the December data.
That’s a dramatic drop from October’s numbers, which pegged the COLA for next year at 2.5 percent, and the November data, which brought it to 1.5 percent, according to Johnson’s calculations.
The current calculation is only an estimate, and could change in the next nine months.
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