September inflation sets Social Security COLA at 2.0%, new I Bond variable rate at 2.48%

Summary

  • Hurricane-boosted gasoline prices have caused a two-month surge in overall inflation.
  • The Social Security cost-of-living adjustment will be 2.0% for 2018, lower than the Social Security Administration’s projection but higher than looked likely three months ago.
  • The I Bond will get a new variable rate of 2.48% on November 1, an attractive number that was also boosted by the two-month surge in inflation.

Read my full analysis on SeekingAlpha.com

Also, I have updated my Tracking Inflation and I Bonds page with the new numbers.

And here are the new November inflation indexes for all Treasury Inflation-Protected Securities.

 

Advertisement

About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
This entry was posted in Investing in TIPS. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s