Metro Phoenix 12.3% inflation among highest in nation

Metro Phoenix posted one of the nation's highest inflation rates over the past year at 12.3%, compared to a national rate of 9.1% that was itself t...

July 21, 2022
7:20 PM

Metro Phoenix posted one of the nation's highest inflation rates over the past year at 12.3%, compared to a national rate of 9.1% that was itself the sharpest rise in more than 40 years. Data released Wednesday by the Bureau of Labor Statistics said the increase in the consumer price index was largely driven by gas prices, which rose almost 60% nationally and 77% in Arizona from June 2021 to last month. But surging prices in almost all areas, including food and shelter, also hurt consumers. The overall 12.

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