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INFLATION

New laws go into effect on Jan. 1, 2025, covering ticket sales, minimum wage, salary transparency, abortions and gender-affirming care coverage, and firearms.
The ALICE report reveals a growing number of households just above the poverty line in Bemidji and across Minnesota are facing financial hardships despite being employed.
The two Creighton surveys serve as leading indicators of economic conditions in the Midwest and Plains region
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Minnesota has 495 projects that have been funded through the Rural Energy for America Program, which is the most in the country.

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The average price of gas in Minnesota and nationwide hit record highs last week, including at $4.98 per gallon nationwide on Monday, according to AAA. The national average rose to $5 a gallon last week for the first time.
More than a year later, price increases at 40-year peaks have proven to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them.
A hotter-than-expected inflation reading has even thrown some doubt on expectations.
Airlines, hotels, rental car companies and booking sites all reported a surge in demand for their services in the latest batch of company earnings. But at the same time, many of those companies face a tight labor market and limited volume.
Bird flu has wiped out more than 19 million egg-laying chickens on commercial U.S. farms this year in the worst outbreak since 2015, eliminating about 6% of the country's flock.
Russia is the world's top exporter of crude and oil products combined, at about 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.
The consumer price index increased 0.5% last month after advancing 0.8% in November. In addition to higher rents, consumers also paid more for food, though the 0.5% increase in food prices was less than in recent months.

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