There are multiple causes for the staggering price increases Americans have seen since the pandemic began, but there's no arguing that inflation has played a significant role.
To find out which metropolitan statistical areas (MSAs) have seen the largest effect of inflation, WalletHub took the consumer price index change for the most recent month available for 23 populations in the US, and then compared that to both the two previous months and the year-over-year data. With those calculations, it becomes clear which collection of cities are suffering the most right now.
Key findings:
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In terms of the overall biggest inflation issues, the Miami-Fort Lauderdale-West Palm Beach, FL MSA is in the worst shape with an increase of 1.40 percent recently and a 4.90 percent year-over-year.
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While the Baltimore-Columbia-Towson, MD MSA "only" has 2.60 percent change year-over-year, the most recent month compared to the previous two has the biggest jump of 1.70 percent.
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The Dallas-Fort Worth-Arlington, TX MSA has a comparatively cool 0.90 percent increase in the last three months, but it has suffered a crushing 5.30 percent year-over-year surge.
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Of the listed MSAs, Anchorage, AK had the smallest yearly change of just 1.70 percent while Denver-Aurora-Lakewood, CO has actually decreased 0.10 percent recently.
Interested in seeing historical inflation data? We've covered that too.
Via WalletHub.
[Image: Mikhail Nilov]