Inflation spikes to 3.8 percent in April, higher than expected

Social Security 2027 COLA expected to rise with higher inflation

The Social Security cost-of-living adjustment for 2027 is estimated to be as high as 4.2% as inflation continues to rise, largely driven by higher energy costs stemming from the Iran war. Mary Johnson, an independent Social Security and Medicare policy analyst, projected the increase amid surging prices for gasoline, energy, and groceries. The Iran war…

The April Inflation Report Is Here