Inflation vs Increment

I had a Head of Department meeting yesterday and naturally, the topic of increment and bonus cropped up. Chinese New Year is due in 2 weeks time and there's still no news about the bonus.

The good:
The CEO said that the company will adjust our salary to combat the crazy sky-rocket prices of general goods.

The bad:
The increment will be based on official inflation rate.

The ugly:
Stupid government official inflation is only about 3.5% to 3.7%.

The official rate is totally bullshit. Ask any man on the street and they will tell you it's more than that. Essential food items like flour, oil, sugar and cooking gas had increased. Utilities like electricity, water and Astro had increased. Transportation costs like petrol, toll rate and tyre had increased. Even the char kay teow, wantan mee and teh tarik had increased. And the inflation is only 3.5%????

And to rub it in, senior management has not decide on the bonus quantum yet due to a screw up in the new KPI assessment method. Unlikely to get it finalised by Chinese New Year.

Anyone got the Ah Long's number?