Cost Of Living Increase 2024. Meanwhile, the cost of car insurance can vary by as much as 123% depending on the. A cola increase of 2.5% will raise the average monthly benefit by about $48 a month.

Despite inflation slowing down, the overall cost of living continues to increase. On a monthly basis, cpih rose by 0.6% in october 2024, up from 0.1% in october 2023.