Social Security COLA for 2027 may jump to 4.7%, one estimate finds. This chart shows prices driving the increase

As inflation climbs, Social Security beneficiaries may see a higher cost-of-living adjustment in 2027. Here's which costs spiked most over the past 12 months.

Source: [CNBC](https://www.cnbc.com/2026/06/12/social-security-cola-2027-inflation-estimate.html)