Here's Where Inflation is Rising the Most

These are the top 10 metro areas where inflation is increasing the most.

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Last year, inflation rates reached 9.1%, an almost 40-year high. Since then, rates have been slowing, largely due to interest rate hikes by the Federal Reserve. As interest rates go up, consumers realize higher commercial interest rates and spending is driven down. 

According to Kiplinger’s Inflation Outlook, the inflation rate edged down to a still-high 4.9% in April and should drop to around 3.5% in the next few months. However, despite this decline, Americans are still feeling the effects of inflation, and in certain areas of the country inflation is rising more than others. 

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HighestLowest
Detroit, MI Minneapolis, MN
Chicago, ILSan Francisco, CA
Phoenix, AZBoston, MA
Miami, FLPhiladelphia, PA
Dallas, TXNew York, NY
Denver, CORiverside, CA
Swipe to scroll horizontally
HighestLowest
Miami, FLNew York, NY
Tampa, FLWashington, DC
Phoenix, AZ Minneapolis, MN
Seattle, WAHonolulu, HI
Detroit, MIAnchorage, AK
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RankMSATotal Score
1Miami-Fort Lauderdale-West Palm Beach, FL83.33
2Detroit-Warren-Dearborn, MI79,66
3Phoenix-Mesa-Scottsdale, AZ72.16
4Tampa-St. Petersburg-Clearwater, FL65.17
5Seattle-Tacoma-Bellevue, WA56.01
6Dallas-Fort Worth-Arlington, TX53.83
7Denver-Aurora-Lakewood, CO52.99
8Chicago-Naperville-Elgin, IL-IN-WI52.50
9San Diego-Carlsbad, CA42.45
10Houston-The Woodlands-Sugar Land, TX38.58

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.