MINNEAPOLIS — The apple might be ‘mini’ in Minnesota’s biggest city, but the inflation is mighty, according to a new analysis.
Minneapolis was ranked as the fifth-worst metro area nationwide in terms of inflationary price rises, according to WalletHub.
“To determine how inflation is impacting people in different cities, WalletHub compared 23 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term,” according to Wallethub…