Midwest Inflation Rate rose 4.9 percent since March 2022

Inflation Rates

Inflation rates have come out for March, and the national inflation rate has risen to 6.0 percent. However, The Kansas Constitutional focuses on issues regarding Kansas specifically, so we are looking at how high inflation has risen in our region, specifically. The Midwest Region is made up of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Together, these states are experiencing a lower inflation than the country as a whole. Our inflation is worse than the Northeast Region, which is experiencing an inflation rate of 4.3 percent. However, the West Region is experiencing an inflation rate of 5.1 percent and the South Region is experiencing an inflation rate of 5.3 percent, a little higher in both regions compared to the Midwest Region with our 4.9 percent inflation rate. The Midwest inflation rate has gone up 0.6 percent from February 2023 to March 2023. Our inflation rate has risen from January 2023 to March 2023 by 1.1 percent.