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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Apr 17, 2004
Page
8
California lawmakers approve a sweeping workers compensation reform aimed at raising proof standards for injury claims and reducing costs. Gov. Schwarzenegger lauds the measure as a turning point, citing soaring costs from $6.4 billion in 1997 to an estimated $17.9 billion last year, with average employer costs rising to $6.30 per $100 payroll.
The CPI tracks changes in the cost of a bundle of goods and services, forming the most used inflation gauge. The core CPI excludes volatile items like food and energy to provide a clearer measure of underlying inflation. This shows the annual change in CPI.
Inflation benefits some businesses like Paddy's Steakhouse raising menu prices to 19.99 for a 12 ounce prime rib while pressuring consumers who face higher costs for gasoline milk beans and clothing. Shoppers and owners note prices rising, corroborated by a 0.5 percent March gain and a 5.1 percent annual rate. Carolyn Parker at Ross Dress For Less observes higher list prices and more frequent sales at major stores such as Hewits and Belk.
Unlisted brand ladies spring shoes from Nike and Mudd with orig. prices 29 to 39 dollars now 19.99 and 99.99 and 29.99. Dillard’s offers misses and petites blouses pants skirts and knits from Napa Valley and LN Studio with orig. prices 38 to 48 dollars. Misses and petites suits orig. 150 to 160 dollars.
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