With the year-over-year inflation rate at 7.7% in October, the personal-finance website WalletHub today released its report on the Cities Where Inflation is Rising the Most. The DC Metropolitan Area, where Montgomery County is located, came in at 21st of 22 Major Statistical Areas.
To determine the cities where inflation is rising the most – and thus is the biggest problem – WalletHub compared 22 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term.
|Rising the Most||Rising the Least|
|1. Phoenix, AZ||18. New York, NY|
|2. Miami, FL||19. St. Louis, MO|
|3. Detroit, MI||20. Denver, CO|
|4. Seattle, WA||21. Washington, DC|
|5. Anchorage, AK||22. Houston, TX|
The “Consumer Price Index Change” in the last two months in the DC area is down .2%, but up 6.5% since last year. To view the full report and your city’s rank, please visit: