How Much Will The Cost Of Living Increase In 2024. This year’s 4.12% inflation rate will be used to calculate the 2024 cola for calpers retirees. Whereas the consumer price index (the one quoted by the treasurer) increased 5.4 per cent in the.
The cola for 2022 was 5.9%. This would be smaller than the two preceding increases (92 pence in 2023 and.