inflation

Derek Johnson, state economist with the governor’s Bureau of Finance and Management, and LRC Chief Fiscal Analyst Jeff Mehlhaff (left to right) present to the Revenue Projection Subcommittee in Pierre during the 2023 legislative session. (Makenzie Huber/South Dakota Searchlight)

Governor’s economic advisers caution against optimism in 2024

BY: - October 25, 2023

Members of a state economic advisory group expressed skepticism Wednesday about positive economic forecasting, citing high interest rates on debt coupled with a $1.7 trillion federal budget deficit. The Governor’s Council of Economic Advisors includes economists and businesspeople from around the state. The council reviews and critiques the Bureau of Finance and Management’s economic forecasts […]

The cost of holiday baking was higher in 2022, as prices for eggs were up 49.1% over 2021, according to the Consumer Price Index. (Photo by Brandon Bell/Getty Images)

Slower growth, sluggish borrowing expected to impact South Dakota economy

BY: - May 31, 2023

Higher interest rates, inflation, a cooling housing sector and a dip in consumer spending are expected to slow economic growth in South Dakota, according to the state Bureau of Finance and Management. The agency’s projections for two years of lower growth in the state came during Wednesday’s meeting of the Governor’s Council of Economic Advisers. […]

Harvesters, a private food bank, saw the amount of food distributed increase from 54 million pounds in 2019 to 65 million in 2020. In this picture, food is distributed at a drive-in in Kansas City, Kansas. (Harvesters — The Community Food Network)

Families are taking a hit as pandemic aid ends, inflation continues

BY: - February 24, 2023

Forty million people in the U.S. are having difficulty affording household expenses, and a little more than 25 million people say they sometimes or often do not have enough to eat, according to the U.S. Census Bureau’s most recent Household Pulse survey data.  The survey is designed to collect data on household experiences during the […]

Officials break ground in September 2022 on the Nucor Mineral Industries Building at South Dakota Mines in Rapid City. (Photo courtesy SD Mines)

Officials blame inflation for state building projects that are millions over budget

BY: - February 13, 2023

Eight building projects already approved by the Legislature need about $30 million in additional funding due to rising costs, state lawmakers were told Monday at the Capitol in Pierre. State officials told the Joint Committee on Appropriations about the challenges of trying to keep project costs under control amid high inflation. One of the projects […]

The cost of holiday baking was higher in 2022, as prices for eggs were up 49.1% over 2021, according to the Consumer Price Index. (Photo by Brandon Bell/Getty Images)

Here’s why food prices remain stubbornly high even as inflation cools

BY: - December 13, 2022

Shoppers hoping for a little relief at the grocery store for their holiday meals will be disappointed by the Consumer Price Index released Tuesday. The CPI shows inflation cooling but food prices — particularly for some holiday staples — remain high. The CPI increased 0.1% in November, which was lower than some economists expected. Over […]

Minneapolis Fed President: let immigration meet labor demand to boost economy

BY: - November 10, 2022

A steady stream of immigrants will be important to the funding future of entitlement programs in the U.S. and for the health of the economy as a whole, the president of the Federal Reserve in Minneapolis told an audience in Brookings this week. President Neel Kashkari shared those insights at South Dakota State University on […]

Republican incumbent Sen. John Thune (center) faced off with Democrat Brian Bengs (left) and Libertarian Tamara Lesnar (right) in a televised debate on South Dakota Public Broadcasting, co-hosted by Dakota News Now.

Abortion, inflation, farm policy explored in only U.S. Senate debate

BY: - November 4, 2022

SIOUX FALLS — Three candidates for South Dakota’s lone U.S. Senate seat sparred over the causes and remedies for inflation, veteran’s affairs, immigration and abortion policy on Friday, but found common ground on meat packing monopolies.  Republican incumbent Sen. John Thune faced off with Democrat Brian Bengs and Libertarian Tamara Lesnar in the televised debate, […]