🍽️Child and Adult Care Food Program Payment Rate Adjustments Announced
This notice announces the annual adjustments to the national average payment rates for meals and snacks served in child care centers, outside-school-hours care centers, at-risk afterschool care centers, and adult day care centers; the food service payment rates for meals and snacks served in day care homes; and the administrative reimbursement rates for sponsoring organizations of day care homes, to reflect changes in the Consumer Price Index. Further adjustments are made to these rates to reflect the higher costs of providing meals in Alaska, Guam, Hawaii, Puerto Rico, and the Virgin Islands. The adjustments contained in this notice are made on an annual basis each July, as required by the laws and regulations governing the Child and Adult Care Food Program.
Learn More📈Implications of CPI-U Increases for Business Owners and Executives
The notice from the Department of Labor details significant increases in the Consumer Price Index for All Urban Consumers (CPI-U), illustrating inflation trends from historical averages. This information serves as a foundational economic indicator for businesses to adjust pricing strategies, wage policies, and financial planning in response to these changes.
Learn More📈Significant Increase in Consumer Price Index & Business Implications
The Department of Labor announces a substantial increase in the All Items Consumer Price Index for Urban Consumers, indicating an inflation rise from the 1984 average to 2024. This shift highlights trends in consumer prices, crucial for economic assessments and decision-making in various industries.
Learn More📈Consumer Price Index Housing Survey
The Department of Labor (DOL) is submitting this Bureau of Labor Statistics (BLS)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
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