However convergence within the East North Central portion of the Midwest is slower. Comply with as much as this submit.
Determine 1: CPI – meals at house nationwide (daring blue), ERS forecast of February (mild blue sq.), Midwest B/C cities (tan), East North Central (inexperienced). Midwest and East North Central collection seasonally adjusted utilizing X-13. NBER outlined peak-to-trough recession dates shaded grey. Supply: BLS, ERS, and creator’s calculations.
Meals at house costs have risen quicker than the CPI general, each nationwide and within the MIdwest. Nevertheless, the convergence has proceeded quicker nationwide (principally my general CPI rising quicker).
Determine 2:  Log ratio of CPI – meals at house to general CPI nationwide (daring blue), for East North Central (inexperienced). East North Central collection seasonally adjusted utilizing X-13. NBER outlined peak-to-trough recession dates shaded grey. Supply: BLS and creator’s calculations.
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