Inflation in certain markets has been highest.

Inflation in certain markets has been highest.

Inflation has been a painful issue for people all over the world, and the United States has been no exception. With prices for fuel, food, housing, and other essentials rising, many Americans have been wondering if relief is in sight. However, while inflation has been a burden for people across the country, some parts of the United States

When it comes to inflation, the Sun Belt has been sizzling hot. According to WalletHub, when looking at data from the Consumer Price Index (CPI), residents in the Sun Belt have been experiencing the most growth in inflation over the course of the last year, with rates closer to 10% when it comes to increases, versus a still extraordinarily high national average of 8.3% in August. Comparing metrics for both the Consumer Price Index Change in the latest month from both two months prior and one year ago, they found that specifically, the Phoenix-Mesa-Scottsdale, Ariz. area has had the

The other markets with the highest scores were Atlanta-Sandy Springs-Roswell, Ga. (87.59), Tampa-St. Petersburg-Clearwater, Fla. (84.16), Miami-Fort Lauderdale-West Palm Beach, Fla. (72.84), Dallas-Fort Worth-Arlington, Texas (69.2). Riverside-San Bernardino-Ontario, Calif. (68.71), Denver-Aurora-Lakewood, Colo. (67.12), Baltimore-Columbia-Towson, Md. (66

The least inflation growth was seen in San Diego, Boston, Honolulu, New York and San Francisco, with increases from 5.7-7.3%. New York and San Francisco had the most encouraging numbers over the last two months, with negative growth in that time period, ranging from –0.10% to -4.00%.

However, the cost of living in those cities is also among the highest in the U.S. on a regular basis. This means that an increase in prices was likely not as extensive as it could have

As for why these markets potentially are feeling inflation the hardest, many were also among the places that saw an influx of new residents at the onset of the pandemic, which saw people leaving larger metropolitan areas for bigger spaces in smaller cities, towns and suburbs. Data on home sales showed that Phoenix, Tampa and Boise, Idaho, were among the hottest markets at the time. They have since cooled, but many markets are still seeing enormous increases in average year-over-

The data collected for August showed that while some prices are declining and homes are sitting on the market longer because of interest rate hikes by The Fed, prices year-over-year are still up in most markets. For example, Phoenix is up 10.7% in that same time period, while Atlanta is up 15.6%, Tampa is up 19.7%, Miami is up 12.2% and Dallas is

It's no secret that home prices in Florida have been on the rise in recent years. In fact, four of the five markets with the highest prices year-over-

The CPI data for August showed that the prices of food items increased by 11.4% compared to the same period last year. This is despite the fact that prices of gasoline have been dropping recently. This means that the pain of inflation is likely

According to the Bureau of Labor Statistics, the cost of groceries has increased significantly in the past year. The sharpest increases were seen in the price of eggs (39.8%), butter (24.6%), flour and prepared flour mixes (23.3%), roasted coffee (18.7%) and frankfurters (18.3%). Increases over 15% were also seen in

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