Inflation

OMG! You want HOW MUCH for a few slices of cheese?

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%.

This should come as no surprise, but inflation is affecting the Minnesota State Fair. Vendors have been faced with more costs and are adjusting prices.

With the inflation rate at 8.6%, the highest since 1981, financial councilors have seen more families worried about their household budgets.

Inflation over the past few months has become a bigger factor in the United States and here in Minnesota.

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 Economics Professor and Dean, School of Public Affairs King Banaian says signs show inflation is now happening right here.

What would ten of today's dollars get you the year you were born?