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Consumer Price Index

Nickeled (but not dimed): Minimum wage up 5 cents in Florida

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Florida’s hourly minimum wage is going up, by a nickel. State officials have announced that the wage will rise Jan. 1 in Florida from $8.05 to $8.10 an hour. Florida law requires the state to annually calculate the rate based on increases in the federal Consumer Price Index. Groups representing workers have decried the small wage hike as “trivial.” They say it’s not enough to keep up with the cost of living in Florida’s urban areas. Many Republican leaders, including…

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Halloween 2015 to scare consumers with rising candy prices

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Halloween will be giving consumers a fright this year, and right in the goodie bag. While Bloomberg Business is reporting the Federal Reserve will most likely keep policy rates close to zero at this week’s meeting, those calling for raising rates have a holiday-themed statistic to rely upon: trick-or-treat candy prices are expected to rise. Candy and chewing gum prices – a subset of the Consumer Price Index – will be up 4.2 percent over last year, according to a…

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Study projects average MLB salary tops $4M

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Even before the first pitch of the 2015 season is thrown, an eye-popping baseball record will be set. The average salary when opening-day rosters are finalized Sunday will break the $4 million benchmark for the first time, according to a study of all major league contracts by The Associated Press. Dodgers pitcher Clayton Kershaw tops players at $31 million and Los Angeles projects to open the season with a payroll at about $270 million, easily a record. “We’re enjoying a…

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