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Midwest Inflation Outpaces National Rate For Eight Straight Months

Midwest inflation reached 4.2% in September, outpacing the national rate for eight straight months. Rising housing and transportation costs, including gas, were the biggest drivers of the increase. A Common Sense Institute Iowa report found the typical household now spends $1,500 more per month than in 2020. Over the past six years, housing costs have risen by $556 a month, transportation by $389 and food by $203. Researchers say typical households have spent an additional $62,000 since 2020 to maintain the same standard of living.

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