Has Nevada experienced 15% inflation since January 2021?
By todd@thenvindy.com
View this fact brief on The Nevada Independent
Copy link
Copy featured image
YES
According to a July 2022 report by the U.S.Congressional Joint Economic Committee, Nevada has experienced total inflation of 15.4% since January 2021, when President Biden began his term in office. This rate is the fifth highest among all states and translates to a monthly cost increase of $831 per Nevada family.
The items with the greatest cost increases are transportation ($364), energy ($199), shelter ($142) and food ($95). While the underlying causes of current inflation are debated, commonly cited factors include Federal Reserve monetary policy, pandemic-related supply chain problems, increased post-pandemic demand for goods and services, government stimulus spending and the war in Ukraine.
This fact brief is responsive to conversations such as this one.
Sources
US Congress Joint Economic Committee State Inflation Tracker July 2022
ABOUT THE CONTRIBUTOR
The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement.
We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever.
The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.
