The Social Security cost-of-living adjustment was estimated last month to be 5.3%.
Now, a non-partisan advocacy group says seniors could be seeing a bigger bump. They are eyeing estimates to be just above 6% currently.
The new estimate comes as the Consumer Price Index in June increased 5.4% from a year earlier, the largest gain since August 2008. Higher food and energy prices were among the culprits that helped push the inflation measure higher.
There are still three more months of data to report before the Social Security Administration determines the official number for next year, but this is what could affect it.