Economy
Phoenix Inflation at Record 13% Shows Divergence Among Cities
- South metros see double-digit gains; San Francisco is at 5.7%
- Disparities makes Fed’s fight against inflation more difficult
Inflation soared to 13% in Phoenix last month, a record for any US city in data going back 20 years and more than twice as high as San Francisco.
Other cities across the South and Southwest saw double-digit increases in consumer prices, with the Atlanta metropolitan area posting annual inflation of 11.7% and Miami reaching 10.7%, according to Bureau of Labor Statistics data.