This likely also has the result of people changing jobs often to up their salary to keep pace instead of negotiating the pay rise. It can be more difficult to negotiate considering that the "official" target inflation rates (e.g. 2%) are usually much lower than the actual rate (best at 7%).
“With an inflation rate of 10%, your $100,000.00 salary needs to increase to $161,051.00 in 5 years to maintain your purchasing power.”
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