mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Interesting information that I received today from MOAA.
Inflation continued its upward trend in July, increasing over June's value by 0.5%. This puts cumulative inflation at 6.2% since October.
[FONT=Arial, Helvetica, sans-serif]The July consumer price index (CPI) is the first month used in calculating the annual COLA payable in January. That means
[/FONT][FONT=Arial, Helvetica, sans-serif]that even if there's no inflation throughout August and September, the COLA would be 6.2%. [/FONT]
[FONT=Arial, Helvetica, sans-serif]That would be the highest annual COLA since 1982 (8.7%[/FONT]