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(The Hill) -- Social Security and Supplemental Security Income (SSI) benefits volition emergence 2.8 percent successful 2026 aft the yearly cost-of-living accommodation (COLA), the national authorities announced Friday.
The Social Security Administration announced the 2026 COLA arsenic the Bureau of Labor Statistics (BLS) released the September user terms scale (CPI) report. The CPI report, which tracks inflation, had been delayed owed to the authorities shutdown.
But the Trump medication brought backmost capable BLS staffers to cipher the report, which is indispensable to determining the COLA for Social Security benefits.
Annual ostentation roseate to 3 percent successful September, up from 2.9 percent successful August, with prices rising 0.3 percent past period alone. While some yearly and monthly ostentation were somewhat little than Wall Street expectations of 3.1 percent and 0.4 percent, respectively, the CPI study marked the highest yearly terms maturation since January 2025.
In a Friday statement, White House property caput Karoline Leavitt highlighted the ostentation study coming successful somewhat little than expectations, calling it “good quality for American families.”
Even so, the study showed crisp terms increases successful areas heavy affected by President Donald Trump’s tariffs, 1 of the drivers of higher ostentation this year.
Food prices were up 3.1 percent connected the year, with beef prices up astir 15 percent. Trump has locked horns with U.S. beef producers and their allies successful Congress, who are furious implicit the president’s program to import beef from Argentina to bring down home prices.
Electricity prices were up 5.1 percent, with piped state work up 11.7 percent. Higher nutrient and vigor costs are peculiarly hard for those with fixed incomes to manage, peculiarly arsenic colder upwind arrives with autumn.
