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June 2022 Inflation numbers are out

The Bureau of Labor Statistics has published its June CPI numbers. Over the past 12 months the CPI-W has incresed by 9.8%. CPI-W for July, August, and September are used in the Cost of Living Adjustment calculation for next January. The CPI-W for June is 292.542 which if used for a COLA would mean a rise of $100/mo on a $1000/mo Social Security check. Note that frequently there is a rise in the charge for medical benefits that can zero out the net increase in a check.

Paid for by: Bill Winney
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