Real raise
Real raise = (1 + raise) ÷ (1 + inflation) − 1. A 4% raise with 2.9% inflation is about a 1.1% increase in buying power.
FAQ
What is a 4% raise on $60,000?
$2,400 a year, for a new salary of $62,400.
Sources (checked Nov 6, 2026): Bureau of Labor Statistics CPI.