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Factors Considered Regarding Raises – Inflation Inflation peaked at it’s highest rate of 9.1% in June 2022… in August 2024 we are standing at 2.5% “inflation rate Cummulatively $1,000 in August 2024 has the same buying power as: • $968 in August 2023 • $930 in August 2022 • $861 in August 2021 49