Inflation In California 2023. April 14, 2023 at 1:24 p.m. Prices in california largely have tracked with this national trend.
April 14, 2023 at 7:24 a.m. The law says the minimum wage must increase to $15.50 per hour for everyone if inflation increased by more than 7% between the 2021 and 2022 fiscal years.
Prices In California Largely Have Tracked With This National Trend.
Additionally, california’s minimum wage is projected to increase to $15.50 per hour for all workers on january 1, 2023.
Indeed, Californians Feel The Pressure From More Than Two Years Of Higher Than Usual Inflation.
The accelerated increase is required by a provision in the state’s existing minimum wage law when inflation exceeds 7 percent.
Area Prices Were Up 1.8 Percent Over The Past Two Months, Up 3.8 Percent From A Year Ago.
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To Find Annual Inflation Rates For A Calendar Year, Look To The December Column.
Now, a year later, prices have started to cool, with inflation falling to 4.9% in april 2023.
Bls Data Showed Consumer Prices In The Los Angeles Area In December Rose 3.5% From A Year Earlier, A Bit Higher Than The National Average For All Urban Consumers.
April 14, 2023 at 7:24 a.m.
Indeed, Californians Feel The Pressure From More Than Two Years Of Higher Than Usual Inflation.
