What inflation?
Take out the cost of food, fuel and anything else that has gone up; no problem!
There seems to be no way the gov’t. wants to ACCURATELY figure a cost-of-living increase so the idea is to show as little increase as possible to reduce S.S. payouts. The only real answer is to reduce inflation & they have screwed things up so badly now that seems almost impossible. If they increase interest rates that will immediately increase the problem on most loans, but it would likely take just about forever before interest paid on savings increases. It is so low now it is a joke unless you have a LOT of money in savings & how many living on S.S. will have that? If I did my finances the way the feds do, I’d be “3 hots & a cot” by now.