Midwest Inflation Surges Past National Rate
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Inflation in the Midwest accelerated in February, with a year-over-year rate of 2.8% compared to the national 2.4%. Core rates, excluding food and energy, also outpaced the national average. Groceries, restaurant meals, and rent all saw significant increases, with rent jumping 3.7% regionally. Energy costs surged 11.7%, double the national rise, while gasoline prices fell locally. Experts warn that higher fuel costs could lead to further price increases in the coming months.
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