Phoenix New Times – Inflation in Phoenix is Higher Than Anywhere Else in America
No one likes paying more for less. But if you live in metro Phoenix, you’re doing just that.
Inflation here is higher than anywhere else in the country, according to a recent study from the Common Sense Institute, a nonprofit, nonpartisan think tank based in Phoenix.
Inflation hits all Americans, but none more than the Arizonans who have faced an unprecedented 10.9 percent spike in prices over the last 12 months — 3 full points higher than the rest of the nation.
“It’s impacting the typical household significantly,” Jim Rounds, an economic analyst based in Tempe, told Phoenix New Times. “This is close to the worst it’s going to be.”
In February 2021, a gallon of gas in Arizona cost $2.25. Today, it’s $4.63, more than double, according to AAA.
“The gas price issue is a real problem,” Rounds said. “It impacts when you buy milk or cheese because those items have to be transported.”
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