New Delhi, May 21 -- Following the latest inflation data, expectations are rising for a slightly higher increase in the Social Security cost-of-living adjustment (COLA) in 2027.

Mary Johnson, an independent Social Security and Medicare policy analyst, said, as reported by CNBC, that the Social Security COLA may increase to 4.2% amid "sharply rising" gasoline, energy and fresh produce prices. This projection is up from the 3.2% COLA estimate for 2027 that Johnson had forecast last month.

Report further stated, the nonpartisan advocacy group 'Senior Citizens League' has raised its 2027 COLA projection to 3.9%, compared with the 2.8% increase it had estimated in April

The forecast is based on April consumer price index (CPI) data released...