inflation

Salvation Army kicks off annual Red Kettle campaign

The campaign goal is to raise 1 million dollars this year!

FARGO, N.D. (KVRR) — The Salvation army kicks off their annual Red Kettle Campaign at the West Acres Mall. This year’s goal is to raise $1 million providing support for people in need. They hope with the raised goal they will be able to help families who may be facing challenges due to inflation. “Last year we raised $976,000. So…

“Relief for All” Tax Cut Plan Announced for North Dakotans

BISMARCK, N.D. (KVRR) — Gov. Doug Burgum introducing a legislative plan to provide the largest state income tax relief package in North Dakota history. It would replace the individual income tax rates with a single, lower flat tax. That is estimated to save North Dakota taxpayers $250 million annually. “This will allow North Dakotans, hard-working North Dakotans, to keep their…

Great Plains Food Bank fears shortages amidst inflation

FARGO, N.D. (KVRR) – With eggs, chicken and ground beef prices rising due to inflation, Great Plains Food Bank is starting to feel its effects. Operators say food prices increased about 12 percent in the last year and they expect prices to remain at a high level. The food bank is not seeing as many food and financial donations as…

United Way Cass-Clay School Supply Drive begins

FARGO, N.D. (KVRR) — It’s never too early to get your back-to-school supplies as United Way is starting up another supply drive. From now through the end of July, United Way of Cass-Clay is asking the public to donate school supplies or money for underprivileged youth across the region. You can donate at any First International Bank, all Gate City…

U.S. inflation reaches new 40-year high

WASHINGTON – The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year increase of 8.3%. The new inflation figure, the biggest yearly increase since December 1981,…

Fargo restaurant describes how rising egg prices impact its bottom line

FARGO, N.D. (KVRR) – A chicken and an egg problem and a perfect storm involving Easter, inflation and bird flu are forcing farmers to kill some of their egg-laying hens, reducing the country’s egg supply and raising prices. Consumers across the country are finding no eggs on the shelves or they’re paying nearly three dollars a dozen. That’s three times…

Minnesota minimum wage increase could pose risks for businesses

"Where we are in the pandemic I would think that any mandated increases probably aren't the best way to go."

MINNESOTA — As minimum wage increases take effect in Minnesota, businesses could face some tough challenges. “Businesses are feeling the pressure obviously from COVID. Also, a really tight labor market, so the ability to attract, retain and develop employees has been challenging for business and so business of all sizes are having very different effects from the mandate,” Fargo Moorhead…

Minnesota’s Minimum Wage Goes Up to $9.86 for Large Employers, $8.04 for Small Employers

The rates are adjusted for inflation

MINNESOTA — The new year means some new laws are going into effect, and that includes Minnesota’s new minimum wage. For large employers, the new minimum wage for workers is $9.86, which is twenty one cents more than before. For small employers, it’s $8.04, which is seventeen cents higher. If a business’s yearly gross revenue is less than $500,000, they are…