alt Hacker News> 4.2% is what you need to stay even
On average, nationally. Look up your state or metropolitan-area CPI. Or better yet, track your actual expenses and project forward.
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bluGill • today at 4:27 PM
True, but how inflation affects each person is different. This isn't a good measure, but it is the best we have, and usually close enough to the truth.
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A conversation with your boss about a COLA raise really shouldn't include your own personal finances. "I just bought a house" is not a good reason for a raise; "prices in our area have increased" is a much better one