What's tough to stomach is that it's not only insurance rates that are climbing, it seems everything is now costing more, which is putting a pinch on many Minnesotan's wallets.
Inflation continues to be in factor for Central Minnesotans with so many products and services going up in price. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON. He indicates the latest ADP report, which processes paychecks, shows wages went up 7.7% and Banaian says inflation is up 8%.
Inflation over the past few months has become a bigger factor in the United States and here in Minnesota. St. Cloud State Economist, Dean School of Public Affairs, King Banaian joined me on WJON this week.
A worker shortage, COVID-19 pandemic and a shortage of many products has triggered inflation in many different areas in our economy. St. Cloud State Economist and Dean, School of Public Affairs, King Banaian joined me on WJON today. He says inflation is sticking around for the foreseeable future and will impact many Central Minnesotans.