Inflation Eating into Local Government Budgets

"Inflation and the Real Growth of State and Local Government ...

... inflation. We also estimate the impact of these three components on the real expenditures of U.S. state and local governments during the past two decades.

Total Government Spending More Than Quadruples

State and local government spending imposes a significant additional burden on taxpayers, on top of federal spending. Even after adjusting for inflation ...

How Much Could Inflation Erode IIJA Buying Power?

Meanwhile, capital spending on highways by federal, state and local governments rose most years, but at a much slower rate. The result was that ...

The Real Story Behind Inflation - The Heritage Foundation

Moreover, in the modern era, the important next step is to recognize that today, governments control the quantity of money. So that as a result, inflation in ...

Measuring the Inflationary Significance of a Government Budget in

The terms “inflationary” and “deflationary” are used in this study to indicate additions to or subtractions from the amount of money expenditure, i.e., the flow ...

State solutions to help Americans cope with inflation

The federal government causes inflation because it deficit-spends and prints money to make up the difference, which is where the inflation ...

The Purchasing Power of American Households - Treasury

Inflation eats into purchasing power, and many Americans have felt the bite of higher prices in their budgets in this recovery. But at the ...

As Inflation Squeezed Family Budgets, Food Insecurity Increased ...

Putting Local Data to Work; Social Genome Project; Local Workforce ... In light of the rapid rise in food price inflation, we also assess ...

Fiscal Stress Faced by Local Governments

ing in real (inflation-adjusted) terms. This ... See Rebecca Hendrick, “The Role of Slack in Local Government. Finances,” Public Budgeting and Finance, vol.

Food Prices and Spending - USDA ERS

Average annual food-at-home prices were 5.0 percent higher in 2023 than in 2022. For context, the 20-year historical level of retail food price inflation is 2.5 ...

Local government finances: Impact on communities - Lords Library

In recent years, cost and demand pressures faced by local authorities have outstripped overall inflation. The government recently finalised the ...

Inflation is cooling. So why are food prices, from steak to fast-food ...

The reason for inflation's stubborn hold on food prices can be linked to a number of issues, from higher labor costs at manufacturers that ...

Audit finds inflation, wages drove Seattle's $1.7B budget increase

The city's budget deficit stems from pandemic fall out. After a decade of steady growth and low inflation, tax revenue dropped precipitously in ...

How Public Officials Can Use Data and Evidence to Make Strategic ...

As the impact of COVID-19 reaches communities across the country, elected officials have been forced to assess how to cut spending in the ...

U.S. Consumers Spent More on Food in 2022 Than Ever Before ...

Real, or inflation-adjusted, annual food spending in the United States increased 70 percent from 1997 to 2022 to the highest level recorded.

Food fight: Consumers confront inflation with frugality - Deloitte

Spiking prices have been especially tough on lower-income households, as they generally spend a greater portion of their funds on food and so ...

The Budget and Economic Outlook: 2023 to 2033

The Economy. To combat high inflation, the Federal Reserve sharply increased the target range for the federal funds rate in 2022. In CBO's ...

As Inflation Squeezed Family Budgets, Food Insecurity Increased ...

Food prices increased by 10.4 percent between. December 2021 and December 2022, the highest rise in decades.1 With fewer public resources ...

Consumer Expenditures--2023 - Bureau of Labor Statistics

--Spending on food (12.9 percent of total expenditures) increased 6.9 percent in 2023, compared to an increase of 12.7 percent in 2022.

CPI Home : U.S. Bureau of Labor Statistics

In October, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.6 percent over the last 12 months, not seasonally ...