2023 Federal Pay Raise, Inflation...

Snippet of Article: "...In 2022, the federal pay raise averaged 2.7%. The latest annual inflation figure showed a yearly inflation amount of 8.6% and a 9.6% inflation rate as measured by the CPI-W index. In effect, the purchasing power of that 2022 raise has been decimated by inflation. ..."

Source: www.fedsmith.com

2023 Federal Pay Raise,COLA 2023,Inflation 2022-2023,Biden Legacy,

COLA Watch: 2023 COLA: FERS / CSRS, Social Security | Federal Retirees

Snippet of Article: "...The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 8.6 percent over the last 12 months to an index level of 278.943 (1982-84=100), according to the Bureau of Labor Statistics (BLS). For the month of February, the index rose 1.0 percent prior to seasonal adjustment..."

Source: www.myfederalretirement.com

CPI-W, 2023 Federal Retiree COLA, COLA 2023,