The COLA race is on
Has the COLA midway through the Fiscal Year (March) foreshadowed the year-end COLA? Take a look at the COLA breakdown the last three years. The CPI for the month of March leapt 0.9 percentage points over February's value. Cumulative inflation now stands at 2.7% through the mid point of fiscal year 2008.
Year March Year-End COLA
2005 1.9% 4.1%
2006 1.3% 3.3%
2007 0.8% 2.3%
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