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Midwest Inflation Rising Faster Than National Average | Fort Wayne News
Midwest prices are surging faster than the nation’s, with inflation hitting 3.8% year-over-year—above the Fed’s 2% target. While monthly prices cooled slightly, core inflation remains sticky at 2.9%. Gas prices are up 26% from last year but dipped 12% in the last month. Food costs rose 2.6% locally (less than the national 3%) and even fell slightly month-to-month, though restaurants are still hiking prices. Rent is the biggest pain point, up 4.3% annually—far above the national 2.8%—tightening the housing market. With wages lagging, households are feeling the squeeze, and experts say rate…
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