Inflation cooling off faster in the Twin Cities than U.S. as a whole
February 15, 2023
Price increases continued to moderate faster in the Twin Cities last month compared with the U.S. as a whole.
The consumer price index, an often-used measure of inflation, eased to 5.1% in January on a year-over-year basis for the Minneapolis-St. Paul region, according to data released Tuesday by the Bureau of Labor Statistics. That is down from 5.3% in November.
By comparison, the price index for the U.S. rose by 6.4% over the year. That was down from 6.5% in December and from 7.1% in November, and was the seventh-straight year-over-year slowdown.