Consumer Price Index

Opinion

Opinion: Inflation Fears are Justified, But There’s No Reason to Panic (Yet)

For three consecutive months, the Consumer Price Index has revealed above-average annual inflation rates not seen since 2008. Understandably, Americans are nervous. Prices are rising and the Federal Reserve was caught by surprise. Many of the same public officials who have, for years, insisted that inflation should be higher are now scrambling to assure Americans

Opinion

Opinion: The Specter of Inflation Is Upon Us

It has been several decades since Americans dealt with the specter of inflation. However, according to several economic benchmarks and commonsense, inflation is oozing into the American economy like poison ivy into an open wound. The last time the U.S. economy was overrun with inflation occurred during the dark days of the late 1970s. For

State

Minimum Wage Increase – January 1, 2021

In accordance with A.R.S. § 23-363(B), the Industrial Commission of Arizona has adopted a resolution increasing the minimum wage from $12.00 to $12.15. The increase in minimum wage, which is effective January 1, 2021, was determined by the U.S. Bureau of Labor Statistics’ Consumer Price Index and is consistent with the increase in the cost

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