The Cities That Have Been Most Affected by Inflation
When it comes to inflation, some cities are getting hit harder than others.
WalletHub recently used data from the Consumer Price Index to take a closer look at how inflation has risen.
According to their report, these are the top metro locations that have mostly been affected by inflation:
1 Philadelphia-Camden-Wilmington, PA
2 Detroit-Warren-Dearborn, MI
3 Phoenix-Mesa-Scottsdale, AZ
4 Seattle-Tacoma-Bellevue, WA
5 Atlanta-Sandy Springs-Roswell, GA
According to Professor William K. Tabb in the report, “the leading culprits are cost-plus pricing by firms with substantial market power and the continuing effects of supply chain disruptions”.