Cola Increase 2024 Inflation Rate. According to the data released by the ministry of statistics and programme implementation, india's consumer price index inflation was marginally up at 3.65 percent in august 2024. The social security administration announced an 3.2% cola increase for 2024.

The latest cola is 3.2 percent for social security benefits and ssi payments. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.