On a related note, inflation as been going down for the past few months. This year it was at a high point in Feb. (2.74%). It has fallen every month EXCEPT July, when it ticked up. Keep in mind, decisions on annual compensation increases are made well in advance.
https://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp
No matter how we look at it, it's still a nice increase.
https://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp
No matter how we look at it, it's still a nice increase.