Estimated Cost Of Living Increase For 2024. This is the same as last month's prediction. 131 rows the annual inflation rate for the united states was 2.6% for the 12.

Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.