297.730 – 291.90) / 291.90 x 100 = 1.99 adjusted to the nearest 1/10 of 1 percent =
Based on the CPI-W for April 2023 (297.730), the 2024 COLA will be 2%.
If inflation declines over the next several months the COLA will be less.
We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
QUINNSCOMMENTARY 
True, but from Dec 2022 thru Apr 2023, the CPI-U data shows an Annual Inflation rate of 6.4%, in a rather straight line fashion. Assuming a 5% inflation rate thru Sept 2023 and applying
the equivalent monthly rate to the Apr 2023 CPI-W value to calc the Jul-Aug-Sept CPI-W values, gives a COLA of 3.2%.
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Could be higher or lower. Only time will tell.
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Don’t think too much higher, maybe 3.5%. CPI-U/W is slowly decreasing so a 5% annual rate for May to Sept is a good estimate. Hard to see how CPI-U/W will decrease in the next 5 months, so the 2% seems the lower bound. Either value is a significant decrease from the 2022 COLA, 20% to 40% of the 2022 value.
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How much will Medicare Part B increase and reduce the net COLA? We will not be as fortunate as this year when Part B went down.
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Let me think about how to spend that much $$ !
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Thanks, Dick for always keeping us informed.
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Ditto.
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