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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
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US August Consumer Price Index Tops Forecasts
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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.