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After nearly three years of stubbornly high inflation, the rate of price increases in the U.S. finally appears to be slowing down, closer to historical norms and the Federal Reserve’s target inflation rate of 2%. However, prices continue to rise, and consumers are still feeling the cumulative effects. To identify the states most impacted by inflation, researchers at U.S. Money Reserve calculated the percentage of adults who reported being “very stressed” about recent price increases and ranked states accordingly.
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