Cola Increase 2024 Forecast 2024. According to the data released by the ministry of statistics and programme implementation, india's consumer price index inflation was marginally up at 3.65. The cola in 2022 was a 5.9% increase, and it was 8.7% last year.

“social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of social security. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.