By Howard Fischer | Arizona Capitol Times
Key Points:
- Arizona’s minimum wage will rise to $15.15 an hour on January 1
- The increase is due to annual adjustments for inflation, as required by state laws
- Arizona’s inflation rate through August hit 2.9%, the highest since 2021
Arizona will soon require workers to be paid at least $15.15 an hour.
New figures Thursday from the Bureau of Labor Statistics show that year-over-year inflation through August hit 2.9%.
What makes that significant is that laws approved in Arizona by voters in 2006 and again in 2016 require the state’s minimum wage to be adjusted annually to match the change in the Consumer Price Index. That means the current floor of $14.70 will go up by 45 cents on January 1, a figure by law that is rounded to the nearest nickel.
