Cost Of Living Increase 2024. This is down from the. $1 in 2018 is equivalent in purchasing power to about $1.25 today, an increase of $0.25 over 6 years.

 — the fastest uptick in the prevailing inflation rate in four decades led to a 5.9% cola in 2022, 8.7% cola in 2023, and 3.2% cola in 2024. $1 in 2020 is equivalent in purchasing power to about $1.22 today, an increase of $0.22 over 4 years.