Recently, Arkansas Sen. John Boozman’s office issued a news release that touched on the struggles for families throughout the state due to the 40-year high inflation rates.
The senator’s office focused on a claim from the Joint Economic Committee stating “inflation cost Arkansans $452 in April” based on average household spending to maintain the same standard of living as they had in 2021.
According to Michael Pakko, Chief Economist and State Economic Forecaster with the Arkansas Economic Development Institute, this is an accurate estimate. In fact, in the West South Central Region inflation has been running a bit higher than the rest of the country.
Read the full article from THV11 here.