Current Cost Of Living Increase 2024 Usa. Cost of living index by city 2024. Each year, the irs, social security administration, and other federal agencies adjust policies to account for inflation.
Each year, the irs, social security administration, and other federal agencies adjust policies to account for inflation. The cost of living index (coli) compiles the six subcategories (housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services) into a single value.