Not only that, but it raises questions about what the U.S. government will do in the fall when it reassesses its annual cost of living adjustments (COLA), which will impact federal programs like Social Security. We asked some finance professionals what they think today's report will mean for current and future retirees, and here's what they had to say.
The U.S. Bureau of Labor Statistics shared a press release on its website on April 10, 2026, breaking down the latest report card on the economy. According to the statement, after adjusting for seasonal changes, prices increased .9 percent from last month. That comes hot on the heels of a .3 percent increase in February, bringing the annual pre-seasonal adjustment increase to 3.3 percent.
In short, you're not imagining it, almost everything has gotten more expensive... even your retirement.
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What Does the CPI Mean for 2027's COLA
The SSA uses the average inflation from the third quarter (July, August, September) to set the COLA. However, the March data is the first reliable indicator economists use to project that final number.
"Right now the forecasts range from 1.2 percent (Mary Johnson, an independent Social Security and Medicare analyst) to 2.8 percent from the Senior Citizens League, which is the same as the 2026 COLA." However, he says that it's still tricky to make heads or tails of what is going on, because the pros who forecast how these inflation figures will shake out don't seem to have a consensus yet.
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What Do Retirees and Those About to Retire Need to Know About the COLA
"If you've just started getting Social Security, a 1.2 percent COLA on a $1,900 monthly check is roughly $23 a month," Kolar says. "That's $276 for the year, which the Medicare Part B premium increase takes most of, and that increases 5-8 percent annually regardless of what COLA does."
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So, what do you do right now? Well, if you haven't retired yet, Kolar says you should consider delaying your retirement to take advantage of the 8 percent increase you could get if you wait until a year after you're eligible and up to age 70.
Of course, a lot can change between now and when the 2027 COLA is announced, so those who are nearing retirement age or who are already retired will need to continue to pay close attention to what future CPI reports reveal between now and September.
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