View of the Mississippi River and Stone Arch Bridge from balcony of the Guthrie Theater in Minneapolis, MN.Barry Winiker Minneapolis is the first major metropolitan area to have inflation rates below the Fed's 2% target. According to Bloomberg, Minneapolis hit the goal in May with an inflation rate of 1.8%. The rate is likely due to aggressive legislating to address soaring housing costs in the city.
If You Want To Find Affordable Housing, You Might Want To Try Minneapolis, Where The Inflation Rate Is Surprisingly Low
insider@insider.com (Sebastian Cahill), Business Insider
Wed, 08/09/2023 - 7:10pm
Topics: we mississippi river stone arch bridge guthrie theater barry winiker federal reserve us bureau labor statistics san francisco york city national low income housing coalition andrew aurand the twin cities ron feldman itasca project business insider the minneapolis fed bloomberg cnbc affordable housing inflation rate costs monthly zoning due reporting target major spend metropolitan area soaring president residents vice people rent pace spent
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