The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
Cost-Of-Living Adjustment Likely Rising To 3% in 2017 After Zilch In 2016. There is no inflation. The most recent consumer price index (CPI) showed an incremental 0.2% gain over the past 12 months and has been fluctuating within the tight bounds of -0.2% to +0.2% from January to July on a year-over-year basis.