Bureau of Labor Statistics announced the December 2006 monthly Consumer Price Index (CPI), which is the metric used to calculate the annual cost-of-living adjustment (COLA) for military retired pay, VA disability compensation, survivor annuities, and Social Security.
The Consumer Price Index had its first increase of the first quarter of the fiscal year by jumping 0.6 percent above November's CPI. However, the CPI still stands 1.0 percent below the FY2007 CPI base - which may indicate a relatively low COLA for 2008.
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