These two measures take different approaches to measuring and calculating inflation. The Bureau of Labor Statistics (BLS) calculates CPI inflation ... that’s above the current rate of inflation.

This index is primarily used to determine current inflation and predict how prices might change in the near future. According to the Labor Department’s most recent report, CPI in March was 2.4% ...

To calculate the COLA, the Social Security Administration tracks the change in the CPI-W during the third quarter ... Despite ...