Expanding the idea from the last paragraph of my first attempt to an example of a cyclic extension $L/K$ of characteristic $p$ local fields such that $e=f=\ell$. As Marius foresaw in the comments, we need $\ell$ to be a factor of $p-1$.
Let $K=\Bbb{F}_p((x))$. Let $E=\Bbb{F}_{p^{\ell^2}}$ be an extended constant field, and let $M=E((x^{1/\ell}))$. As we assume $\ell\mid p-1$ there exists a root of unity $\zeta$ of order $\ell$ in the prime field $\Bbb{F}_p$. The extensions $E((x))/K$ and
$K(x^{1/\ell})/K$ are known to be Galois with cyclic Galois groups of respective orders $\ell^2$ and $\ell$. One is unramified and the other is totally ramified, so they are linearly disjoint. Hence their compositum $M$ is also Galois with Galois group $G=\Bbb{Z}/\langle \ell^2\rangle\times \Bbb{Z}/\langle \ell\rangle$. More precisely, the $K$-automorphism $\sigma_{a,b}$ of $M$ associated to $(a,b)\in G$
is the automorphism fully described by
$$
\sigma_{a,b}(z)=z^{p^a}\ \text{for all $z\in E$},\quad \sigma_{a,b}(x^{1/\ell})=\zeta^b x^{1/\ell}.
$$
Let us consider the subgroup $H\le G$ generated by $\tau:=\sigma_{\ell,1}$. Clearly
$\tau$ is of order $\ell$, and $G/H\simeq \Bbb{Z}/\langle \ell^2\rangle$.
Next I want to identify the fixed field $L=M^H$. Clearly $\Bbb{F}_{p^\ell}\subset E$
is fixed by all the automorphisms in $H$. To get all of $L$ I need the following observation.
Fact. There exists an element $\eta\in E$ such that $\eta^{p^\ell-1}=1/\zeta$.
Proof. Consider the homomorphism of cyclic groups $f:E^*\to E^*$ given by
$f(z)=z^{p^\ell-1}$. Because $p\equiv1\pmod\ell$
$$
N:=\frac{p^{\ell^2}-1}{p^\ell-1}=1+p^\ell+p^{2\ell}+\cdots+p^{(\ell-1)\ell}\equiv1+1+\cdots+1\equiv0\pmod{\ell}.
$$
The image of $f$ is the unique cyclic subgroup of $E^*$ of order $N$. We just saw that $\ell\mid N$ implying that all $\ell$th roots of unity are in $\operatorname{Im}(f)$. QED
The rest is straightforward. With $\eta$ an element promised by the above observation let $u=\eta x^{1/\ell}$. Then
$$
\sigma_{\ell,1}(u)=\eta^{p^\ell}\zeta x^{1/\ell}=\eta(\eta^{p^\ell-1}\zeta)x^{1/\ell}=u.
$$
So the field $\Bbb{F}_{p^\ell}((u))\subseteq M^H$. Clearly this is a degree $\ell^2$ extension of $K$, so $L=\Bbb{F}_{p^\ell}((u))$.
Here $Gal(L/K)\simeq G/H$ is cyclic of order $\ell^2$ as prescribed.
Equally clearly $e(L/K)=\ell=f(L/K)$.
This is surely a more illuminating and generalizable construction. The methods in the other answer are ad hoc.