COLA

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January 1, 1 6 min read Definitions

Cost of Living Adjustment COLA Inflation Consumer Price Index Purchasing Power Income Adjustment Social Security

The Cost of Living Adjustment (COLA) is an increase in income or benefits, such as social security, to offset the reduction in purchasing power caused by inflation. COLA is often tied to the Consumer Price Index (CPI).

January 1, 1 6 min read Definitions

Cost of Living Adjustment (COLA)

Cost of Living Adjustment COLA Inflation Rent Salaries Purchasing Power Index Economic Indicator

The Cost of Living Adjustment (COLA) refers to an increase in payment amounts, such as rent or salaries, based on the rate of inflation. It ensures that individuals or entities maintain their purchasing power as the cost of living changes.