UK Inflation Holds; State Pension to Rise 4.8%
UK Inflation Holds; State Pension to Rise 4.8%

UK Inflation Holds; State Pension to Rise 4.8%

News summary

UK inflation held at 3.8% in September, and under the UK triple lock the full new state pension will rise by wage growth (4.8%), amounting to about £575 a year and taking effect on April 6, 2026. In the US, the Social Security Administration sets the annual COLA by comparing the CPI‑W for July–September year‑over‑year, with the official 2026 adjustment expected around Oct. 24 after BLS releases September data. Independent forecasters (Senior Citizens League) currently estimate the 2026 COLA at roughly 2.7%, which would add about $54 a month for a typical single retiree, $83 for a retired couple and $43 for a disabled worker. A 2.7% COLA would continue a run of above‑average increases, but analysts say benefits have lost purchasing power over the past decade. Advocates argue the SSA should use an elderly‑focused index (CPI‑E) because CPI‑W understates seniors’ spending on healthcare and housing, though many note switching indices would not resolve Social Security’s underlying funding shortfall and call on Congress for structural fixes.

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Last Updated
3 hours ago
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