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Post-COVID, both have been significantly impacted.
Despite the slowdown, prices have not fallen back to pre-pandemic levels, putting a strain on many households.
The COLA for 2024 was set at 3.2%, down from 8.7% in 2023.
While helpful, these adjustments often lag behind real-time increases in the cost of essentialgoods and services.
On the other end of the spectrum, Oklahoma is the least expensive state with an index of 86.2.
While inflation has moderated, prices foressential goods and servicesremain high, straining household budgets.
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