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Aug 7, 2024 · INFLATION. Like the rest of the country, Minnesota experienced the wave of inflation that arose during the pandemic. It has eased notably faster in the state's largest metro area tracked by BLS...
Minnesotans are not spared the impacts of inflation, which tends to hit lower-income people harder. This article examines the various ways of measuring both wage and other compensation increases and how inflation impacts real purchasing power.
Nov 30, 2023 · Inflation continues to hit Americans' bank accounts hard, and Minnesotans need more than the average. The Joint Economic Committee says Minnesotans need nearly $13,000 to afford the same...
- CBS News Minnesota
- 2 min
Aug 7, 2024 · INFLATION. Like the rest of the country, Minnesota experienced the wave of inflation that arose during the pandemic. It has eased notably faster in the state's largest metro area tracked...
Aug 30, 2023 · Growth in the inflation-adjusted GDP (or “real GDP”) tends to signal a positive economic outlook, while slowing growth may mean a recession is coming. Economic growth trends may differ as each state has a different mix of workers and industries.
Jun 8, 2023 · How does it happen that the inflation rate for the Midwest region was at 7.5% in December 2021, but for Minnesota’s population centers, inflation rates were almost two percentage points higher? And was inflation really hitting some parts of the country harder than others? The short answer is yes.
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Sep 14, 2023 · Since then, incomes in Minnesota have kept rising, while inflation has been cooling here. By the numbers: Inflation-adjusted median household income in Minnesota fell 4.5% — from $86,228 in 2019 to $82,338. The decline was slightly worse in the Twin Cities, falling 5.6%, to $91,341.
