A COLA is based on the Consumer Price Index.

Name: A COLA is based on the Consumer Price Index.
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A COLA (Cost of Living Adjustment) is based on the Consumer Price Index (CPI) which measures the average change over time in the prices paid by consumers for a basket of goods and services. The CPI is used to calculate the inflation rate, which is a key factor in determining the COLA.

A COLA Is Based on the Consumer Price Index