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Experts: 'Bonkers' inflation will stick around; time to look at your budget

“Bonkers” inflation has hit the Midwest harder than the nation.

That was the word first used when the Bureau of Labor Statistics Wednesday released the consumer price index. Prices here are up 9.5% compared to 9.1% nationally.

“You don’t need the Bureau of Labor Statistics to know that inflation is still with us,” Rachel Blakeman, director of Purdue Fort Wayne’s Community Research Institute. “If you feel you’re paying more at the grocery store, restaurants, for everything, you’re not imagining it.”