The latest inflation figures are out for June. What is the impact on the 2024 COLA?
While the anticipated 2023 federal pay raise is 4.6%, on average, inflation has slowed to an annual increase of 7.1%.
The 2nd month of inflation data used to calculate the COLA payment that will begin in January is now available. Here are the latest figures and COLA projections.
How is inflation measured? Measurement methods have changed. Those who think their decline in purchasing power is higher than reported are probably right.
Inflation is soaring. How does the inflation rate compare to 45 years of pay raises and COLAs?
Inflation is up this year which will likely boost next year’s COLA for federal retirees, but there is some bad news for FERS retirees.