Skyline of Minneapolis, Minnesota Original image from Carol M. Highsmith’s America, Library of Congress collection. Digitally enhanced by rawpixel.

The Upper Midwest Offers the Best States To Survive the Next Recession

MerchantMaverick.com, the business product comparison site for small business owners, determined that the top three states on the list are Nebraska, North Dakota, and Minnesota. No Upper Midwest state ranked lower than Michigan, at number 17.  While these states are different in many ways, they all share low unemployment, and governments with prudent tax and spending habits. Many even experienced positive GDP growth during the Great Recession, while other states had stagnant or shrinking GDP. Continue reading The Upper Midwest Offers the Best States To Survive the Next Recession

fruit stand

Midwest CPI Continues Increase

Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.8 percent in January, the U.S. Bureau of Labor Statistics reported today. Increases in the indexes for food at home, new and used motor vehicles, household furnishings and operations, and apparel were the largest contributors to the all items increase. The energy index rose 0.1 percent in January as increases in the indexes for electricity and gasoline more than offset a decline in the natural gas service index. Continue reading Midwest CPI Continues Increase

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The Cost of Food in the Midwest Continues to Rise While Energy Costs Dipped

The Bureau of Labor Statistics released monthly inflation data Wednesday.  All items rose .3% in December bringing the total Midwest inflation in 2021 to 7.5%.  Midwest food costs purchased from grocery stores, dining/delivery establishments, increased .6% in December bringing the 2021 food costs to 7.5%.  Continue reading The Cost of Food in the Midwest Continues to Rise While Energy Costs Dipped

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Midwest Consumer Price Index Soars, however Residential Inventory a Bright Spot for the Region

CHICAGO – The Midwest, U.S. consumer price index set by the Bureau of Labor Statistics reached an all time high in October raising 0.8% from September and 6.6% from a year ago.  Challenged supply chains and corporations attempting to recoup capital losses from the pandemic have been the drivers contributing to the recent inflation. Continue reading Midwest Consumer Price Index Soars, however Residential Inventory a Bright Spot for the Region