The U.S. Department of Labor will not issue the September Consumer Price Index report on October 16 as originally scheduled due to the federal government shutdown.
Without the September CPI figures, the Social Security Administration will not be able to calculate the cost-of-living allowance for Social Security beneficiaries for 2014. Normally, SSA issues its COLA announcement, which affects benefits as well as the inflation-adjusted taxable wage base for the following year, in mid-October.
A phone call to SSA, which is short-staffed due to the government shutdown, was not returned.
"The purpose of the COLA is to ensure that the purchasing power of Social Security and Supplemental Security Income (SSI) benefits is not eroded by inflation," according to th
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