What Is The Cost Of Living Increase For 2024 In Usa. Cost of living index select date: Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.

Each year, the irs, social security administration, and other federal agencies adjust policies to account for inflation. 129 rows the annual inflation rate for the united states was 2.5% for the 12 months ending august, compared to the previous rate increase of 2.9%, according to u.s.