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next year projected limit already


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CPI-U released today

254.202, a huge spike from last month (Feb was only 252.776

At that rate the 415 limit will be 57,000

and comp limit of 285,000

the rates used to determine the limits (Jul -Aug) have never been less than the Mar value so  looking like the limits will increase even at this early date

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soc sec is based on cpi-w and they usually post that a few days later than the cpi-u

plugging in Feb value for july aug sep 2019 you get

(246.218-246.352)/246.352 which is negative, so at the moment, no increase

but I would expect that to change when they release the Mar value

check the following website

http://mrsc.org/Home/Explore-Topics/Finance/Economic-and-Population-Data/Consumer-Price-Index.aspx

there is a nice excel spreadsheet available, just scroll through to the correct tab (cpi-w)

I know, I'm a nut case, but I wanted to know how all these things work, so...

 

  2016 2017 2018 2019
july 234.771 238.617 246.155 246.218
aug 234.904 239.448 246.336 246.218
sep 235.495 240.939 246.565 246.218
  705.17 719.004 739.056 738.654
  235.057 239.668 246.352

246.218

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