News
Today, the Joint Economic Committee released inflation reports for all 50 states. Indiana’s report found Hoosiers are still struggling under the weight of President Biden’s inflation crisis.
You can read the full report here.
President Biden this week released his proposed “budget,” a $7 trillion+ proposal that would put us on the path to $52 trillion in debt.
“Hoosiers don’t need economists to tell them that everything has gotten more expensive since President Biden started his historic inflation bomb spending spree, but the numbers are staggering,” said Senator Mike Braun. “I’ve been the loudest Senator warning about what this spending would do to Hoosier household budgets, and I’ve been proud to vote against the Biden spending binge every time.”
Here are the key findings from the JEC Indiana Report:
Using the February 2024 Consumer Price Index data release by the Bureau of Labor Statistics, the Joint Economic Committee (JEC) State Inflation Tracker estimates that the average household in Indiana is paying $876 more per month to purchase the same basket of goods and services as in January 2021. Cumulatively, the average Indiana household has spent $20,974 more due to inflation since January 2021. Compared to one year earlier, the average Indiana households needs to spend $147 more per month to maintain the same standard of living.And the key findings on increases in household food expenses, shelter expense, energy expenses, and transportation expenses:
Compared to January 2021, the average household in Indiana is spending $143 more on food per month. This is $19 more each month than one year ago. Cumulatively, the average household in Indiana has spent $3,164 more on food due to inflation since January 2021. Compared to January 2021, the average household in Indiana is spending $169 more on shelter per month. This is $57 more each month than one year ago. Cumulatively, the average household in Indiana has spent $3,078 more on shelter due to inflation since January 2021. Compared to January 2021, the average household in Indiana is spending $91 more on energy per month. This is $9 less each month than one year ago. Cumulatively, the average household in Indiana has spent $3,751 more on energy due to inflation since January 2021. Compared to January 2021, the average household in Indiana is spending $252 more on transportation per month. This is $19 more each month than one year ago. Cumulatively, the average household in Indiana has spent $8,064 more on transportation due to inflation since January 2021.
Keystone Cooperative announces next CEO
Indiana's county fairs allowed alcohol service areas starting July 1
Kroger members can now redeem Points for dollars off groceries in-store and online
First responders rescue multiple people in recent days
Countrymark fueling stations hosting Fueling Freedom on Friday
Step right up! Big Top Circus presented by Bee Window returns to the Indiana State Fair
Congressman Baird ioins President Trump for Medal of Honor ceremony for Major Nicholas Dockery
INDOT with chip seal operations on area roads
Conservation officer serving Vermillion Co. completes advanced public safety diving instructor training
May unemployment rate in state still below national average
IDEM recycling grants available
Identity released in fatal U.S. 36 crash
Longtime educator tabbed to lead new Montezuma Elementary
Gov. Braun unveils Indiana’s exhibit for the National Mall during The Great American State Fair
Nominations now open for farmers and ranchers to serve on USDA Farm Service Agency county committees
CBP officers in Indianapolis seize counterfeit FIFA World Cup 2026 merchandise
