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What numbers should I present my boss to show the minimum raise needed just to counteract inflation?

Annual raises are coming up at the end of March. I'm gathering information to bring to my boss to justify my raise on just inflation alone, not including any extra I should get for my qualifications or accomplishments. The main number I have been using is from this inflation calculator: https://www.usinflationcalculator.com/ I put in the year of my last raise and my pay rate and out pops a number about 10% larger. Is this really what I should be using as the MINIMUM number that would keep my pay at the same purchasing power as a year or two ago? Or is the Consumer Price Index a better number (and how do you calculate the value between two dates?)? I'd also like to find estimates for inflation in the next year. Because really if I only go on inflation to date I might have one month of pay that is…


Annual raises are coming up at the end of March. I'm gathering information to bring to my boss to justify my raise on just inflation alone, not including any extra I should get for my qualifications or accomplishments.

The main number I have been using is from this inflation calculator: https://www.usinflationcalculator.com/

I put in the year of my last raise and my pay rate and out pops a number about 10% larger. Is this really what I should be using as the MINIMUM number that would keep my pay at the same purchasing power as a year or two ago? Or is the Consumer Price Index a better number (and how do you calculate the value between two dates?)?

I'd also like to find estimates for inflation in the next year. Because really if I only go on inflation to date I might have one month of pay that is synced with prices, but inflation will continue for the next year.

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