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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 05, 2024
Page
8
The piece explains two inflation methods the year over year method tracks price changes of a fixed basket from year to year, while the cumulative approach sums changes since January 2020. It notes 9.1 percent peak in June 2022 and a drop under 3 percent, with advocates urging the cumulative view to reflect compounding effects. David Knox
Lorain’s 130 year steel industry, once central to the city’s growth, faded amid layoffs and bankruptcies. Former workers like Cataldo and Lucente recall boosts and belt-tightening, pension changes, and hopes for a restart needing hundreds of millions, while population declined from a 1970 peak to present.
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