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US Inflation Reaches Three-Year High, Impacting Social Security COLA Forecasts
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Politics·6/13/2026AI summary

US Inflation Reaches Three-Year High, Impacting Social Security COLA Forecasts

US consumer prices surged in May, driving the annual inflation rate to a three-year peak. This has led to revised forecasts for the 2027 Social Security cost-of-living adjustment (COLA), with one analyst predicting a 4.7% increase, potentially higher due to rising gasoline prices. Many seniors worry about inflation outpacing their income and find current Social Security payments insufficient.

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