5.8% Inflation in Consumer Prices Eroding Value of Salaries and COLA
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
New data show a 40-year inflation surge in consumer prices further eroding recent salary and COLA increases.
The annual federal pay raise interests all federal workers. Over the past 53 years, what was the highest, lowest, and average federal pay raise?
The inflation rate measured by the CPI-W went up 7.8% in 2021 reducing purchasing power of the 2022 COLA and pay raise now in effect.
Inflation is soaring. The 2022 COLA will be 5.9%. Inflation is now at 7.6% over 12 months per the CPI-W and the 2022 federal pay raise is projected at 2.7%.
Inflation has been rising at a much higher rate than usual. How can this impact a federal employee’s retirement?
The 2021 inflation rate so far is now 6.2%. With a projected 2022 federal pay raise of 2.7%, and a COLA of 5.9%, purchasing power is declining fast.
TSP core funds are bouncing back. One fund is up more than 6% so far this month. Are there reasons for concern about inflation and its impact on stock prices?
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
Inflation is increasing more than expected. The May inflation rate was 5% over a 12-month period. What does this mean for the annual COLA?