Americans in the Mountain regionUtah, Colorado, Arizona, New Mexico, Montana, Idaho, and Wyomingare experiencing the highest inflation rates with over $500 in added household costs in January. The living wage in Alabama for a family of four is $80,777. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Section 215(i)(2)(D) of the Act requires that, when we determine an increase in Social Security benefits, we will publish in the Federal Register a revision of the range of the PIAs and maximum family benefits based on the dollar amount and other provisions described in section 215(a)(1)(C)(i). The OASDI contribution and benefit base is $142,800 for remuneration paid in 2021 and self-employment income earned in taxable years beginning in 2021. The monthly maximum Federal amounts for 2023 are $914 for an eligible individual, $1,371 for an eligible individual with an eligible spouse, and $458 for an essential person. documents in the last year, 83 Housing is especially cheap, with an index of 72.6. readmore, This article examines the possibility of including medical insurance claims data in the calculation of medical price indexes. Prices of new vehicles are rising significantly slower than used vehicles, with new vehicle prices increasing fastest in the Midwest (13 to 14 percent) and only half as fast in the East South Central (7 percent). documents in the last year, 84 documents in the last year, by the Energy Department Food inflation reflects price increases at the grocery store and at restaurants, something that affects every American, but matters especially for lower-income households who dedicate a larger share of their tighter budgets to food. Information relating to this announcement is available on our internet site at www.socialsecurity.gov/oact/cola/index.html. "To set SNAP families up for success, we need a Thrifty Food Plan that supports current . -0.3% in Mar 2023, In March, the Consumer Price Index for All Urban Consumers increased 0.1 percent, seasonally A higher exempt amount applies in the year in which a person attains NRA, but only for earnings in months before such attainment. Therefore, the maximum amount of the income exclusion applicable to a student in 2021 is $1,930 per month but not more than $7,770 in all of 2021. The CPI details average prices for items such as food, shelter, transportation, and clothing.