2024 Cost Of Living Increases . The annual inflation rate for the united states was 2.4% for the 12 months ending september, compared to the previous rate increase. October 10, 2024 / 8:31 am edt / cbs news.
This was according to those asked. With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount to $10,870 to account for inflation.
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