A brand new examine by WalletHub discovered inflation to be highest in Phoenix, lowest in Anchorage, and customarily low for main California metropolitan areas.
“In 2022, People are coping with sky-high inflation, which hit a 40-year excessive earlier this yr,” mentioned WalletHub. “Inflation is rising extra rapidly in some locations than others, although.”
The examine launched Tuesday by the Washington, DC-based monetary companies web site was based mostly on the change within the Client Value Index over the previous two months and the change over the previous yr for 23 metropolitan areas.
Metro areas the place each figures had been excessive topped the checklist, and illustrated how inflation is felt otherwise throughout the nation.
Phoenix led at 13% over the previous yr and 0.8% over the previous two months, adopted by Atlanta, Tampa, Miami and Dallas within the mixed measures.
San Diego got here in thirteenth with 7.3% over the previous yr and 1.2% over the previous two months.
Anchorage was on the backside, with costs really declining 4% over the previous two months however sill up 7.6% for the yr.
San Francisco ranked twenty second and Los Angeles twentieth. Each main metropolitan areas skilled a slight decline in costs over the previous two months.
WalletHub requested a lot of college professors to touch upon the explanations for inflation and the potential consequence.
“The 2 greatest components driving inflation at the moment are the provision chain issues attributable to the coronavirus pandemic and the Russian invasion of the Ukraine,” mentioned Robert R. Johnson, a enterprise professor at Creighton College in Nebraska.
Milton Marquis, a professor emeritus at Florida State College, famous that “whereas within the throes of excessive inflation, it’s generally forgotten that inflation is just not a ceaselessly phenomenon.”