Inflation spiking in Ohio and across the Midwest

Residents across the Midwest are paying more for goods and services than they were a year ago, new federal data shows.

Driving the news: The national inflation rate has surged to 8.5%, Axios' Matt Phillips writes.

• That's about the rate seen in Midwestern states, per data from the U.S. Bureau of Labor Statistics' Consumer Price Index.

Why it matters: Well, just check your pocketbooks.

• The cost of everything — from gasoline to food and pet products — has gone up, along with vehicles and utility services.

📬 How is inflation impacting your life and spending habits? Email us at [email protected] and let us know.