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Inflation Drops But COLA Forecasts Stay Tied to Gas | Durham News
Inflation cooled sharply in June with a 0.4% drop in the CPI-U, the biggest monthly fall since 2020, driven mostly by plunging gas prices. This shift has led analysts to slash their 2027 Social Security COLA forecasts—from 4.7% down to 3.7%—though the Senior Citizens League holds at 3.8%. Still, everyday costs like food and shelter are rising, so relief isn’t felt yet. The real COLA decision hinges on the CPI-W, which won’t be finalized until August 12, and gas prices remain volatile—potentially surging again with geopolitical tensions, which could push COLA estimates back up. Listen in…
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