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Was this a raise you asked for, or something they gave everybody across the board? If you were negotiating a raise, then say something unless negotiations are over. If it’s just something they gave across the board, then don’t say anything about inflation but maybe you could start negotiations for a real raise based on regular raise factors like value to the firm etc.
inflation is 2.7 to 2.9 percent
Yeah. The highest inflation I’ve seen was in 2022, I think, when it was over 8%. Pretty low before and after that. (I always pay attention because of rent escalation clauses in leases tied to inflation. That year a cap of 5.75% I negotiated in 2015 came back to haunt me.
Say nothing