2013
The 2014 Social Security COLA is based on the increase in the CPI-W from 2012 to 2013 for the months of July, August and September.
The average for July, August and September 2012 is 226.936
The average for July, August and September 2013 is 230.326
The difference is an increase of 3.390. This indicates a Social Security COLA of 1.4938 or 1.5%. The calculation is rounded to the nearest 1/10th of one percent.
QUINNSCOMMENTARY 
Thank you very much, Mr. Quinn – is it possible to calculate what the COLA would have been using the Chained CPI? – just curious?
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I guess it would be possible, but I don’t have the data. It would be modestly less for sure, like getting a raise but not as much as you hoped for.
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