No because your employer has nothing to do with the cost of living.
??? No but this is why many get raises unless its a promotion or a merit raise. Are you from Mars?
The I have to get a raise every year mindset is just as stupid as the everyone has to go to college mind set.
And your employer is not cutting your pay if you don't get a raise.
Here's a novel idea
If you want to make more them make yourself more valuable to your employer or find an employer who thinks you are worth more than your current employer does.