New Delhi, July 14 -- Following the latest inflation data, expectations are rising for a slightly higher increase in the Social Security cost-of-living adjustment (COLA) in 2027. However, several advocacy groups suggest that beneficiaries shouldn't expect a huge increase.

Nonpartisan advocacy group The Senior Citizens League says that Social Security recipients would receive a 3.8% boost if the COLA were based on today's data. This is 1 percentage point higher than last year's increase of 2.8%. So, the average benefit for retirees would increase by $77 a month.

The average retiree currently receives $2,026 per month from Social Security, and after the addition of COLA, it would be $2,103.

The annual COLA is based on how much the Consum...