Inflation rates often fluctuate across different categories of spending, depending on their inherent volatility.
- For example, in June 2023, energy costs declined while food costs increased.
- But Americans also experience inflation differently depending on several non-spending-related factors — including where they live.
What cities have been most impacted by inflation?
Various macroeconomic factors such as overall cost of living and housing markets — particularly in areas where people are migrating in greater numbers — can impact how much people in different cities pay for things.
The Bureau of Labor Statistics provides inflation estimates for 23 metropolitan areas. Recently, consumer prices in these areas have increased by as much as 6.9%, as seen in Miami between June 2022 and June 2023.
The Bureau of Labor Statistics provides inflation estimates for 23 metropolitan areas. Recently, consumer prices in these areas have increased by as much as 6.9%, as seen in Miami between June 2022 and June 2023.
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