The cost-of-living adjustment (COLA) for 2025 in Virginia (VA) is a vital measure that goals to guard the buying energy of people receiving sure advantages, similar to Social Safety and Supplemental Safety Revenue (SSI), towards the rising price of dwelling. The COLA is calculated based mostly on the Shopper Worth Index for City Wage Earners and Clerical Staff (CPI-W), which measures the change in costs of a basket of products and providers generally bought by city wage earners and clerical staff.
The COLA improve for 2025 is especially necessary because it comes at a time when inflation is at a 40-year excessive. The COLA adjustment helps make sure that beneficiaries can keep their lifestyle regardless of the rising prices of important items and providers. Traditionally, the COLA has performed a major position in supporting low-income people and households, notably during times of financial uncertainty.
