Cost Of Living Increase 2024 Estimate. 12, when the september inflation numbers come out. The consumer prices index (cpi) rose by 2.2% in the 12 months to.

That would be substantially lower than the record 8.7% cola for social security beneficiaries this. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.