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COLA Watch 2022: Inflation Eased a Bit in August, But Still Points to a High 2022 Adjustment
Wall Street Journal reporter Gwynn Guilford, in an article posted on their website, notes that inflation has cooled slightly in August, but added that that may simply be a “head fake” with respect to CPI statistics for the coming months. What this may mean for the Social Security 2022 cost-of-living adjustment (COLA), though, is still unknown. Some pundits still suggest an adjustment next year approaching 6%, although everyone knows the final numbers will not settle until after September CPI-W numbers are worled into the equation. The Guilford article provides a fairly extensive analysis of the process behind cost-of-living calculations and inflation measurements, and is a worthwhile read on the subject. Check it out here…
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