Source: The Daily Economy
by Jason Sorens
“Measuring state-level prices with adequate precision requires a lot of data collection, and there’s always a long lag between the time period measured and the release of the data. The Bureau of Economic Analysis has now released its data on state-level prices and inflation for 2024, a year when US growth patterns diverged from their pandemic-era patterns. California, believe it or not, was the fastest-growing state economy in 2024, once you adjust for inflation.” (02/20/26)