5.8% Inflation in Consumer Prices Eroding Value of Salaries and COLA
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
The inflation rate measured by the CPI-W went up 7.8% in 2021 reducing purchasing power of the 2022 COLA and pay raise now in effect.
My FERS annuity with the 2022 COLA is increasing less than 4.9% in January. Why is that?
A vaccine mandate, a big COLA, and more telework: these are some of the biggest events for federal employees in 2021.
With inflation rising and health insurance costs increasing every year, federal retirees need to budget carefully. These are some helpful resources.
Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.
Inflation has been rising at a much higher rate than usual. How can this impact a federal employee’s retirement?
The 2021 inflation rate so far is now 6.2%. With a projected 2022 federal pay raise of 2.7%, and a COLA of 5.9%, purchasing power is declining fast.
The 2022 COLA will be the largest increase in 40 years, a fact obviously of interest to federal retirees and Social Security recipients.
The 2022 COLA will be determined by inflation during a three-month period. Here are the latest inflation figures impacting the January COLA payment.