Cola Increase 2024 Forecast. A cola of 3% for 2024 would raise an average monthly benefit of $1,789 by $ 53.70—well down from this year’s average increase of $146 a month after this year’s. The average cpi increase in the months we have on file was 2.9%.

The next cola will be announced thursday and be. Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in june,.