Inflation cooling off faster in the Twin Cities than U.S. as a whole
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February 15, 2023
Renée Jones Schneider, Star Tribune
Eggs were one item that saw price increases in January.
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.
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