My employers automatically corrects for inflation at the end of each year. Of course it's still 'behind the curve', since inflation happening this year is only compensated next year, but it's still something.

Pro-tip, if you have yearly performance/raise/bonus discussions, let your manager tell you all of the nice things to justify why they are giving you a raise. Dig into it, be super grateful and receptive. Then ask "oh of course this is in addition to an inflation compensation, right?"

If not, it's appropriate to be genuinely confused about why you're actually not getting a raise at all given his/her stated reasons why you are deserving of one.