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Economics
Inflation & Prices

No Inflation Relief in the South With Phoenix Topping 12%

  • Arizona’s capital tops city rankings again; Atlanta above 10%
  • Inflation is cooling nationwide, but remains elevated
A customer loads groceries into a car outside a supermarket in Phoenix, Arizona. 

A customer loads groceries into a car outside a supermarket in Phoenix, Arizona. 

Photographer: Courtney Pedroza/Bloomberg

Inflation is finally showing signs of ebbing in the US, but Southern hotbeds like Phoenix and Atlanta continued to see consumer-prices gains above 10% last month.

Phoenix once again recorded the highest inflation rate among large cities, with prices up 12.1% in October from a year earlier. That’s down from a record 13% reading in August, but won’t offer much consolation to residents of Arizona’s capital who are facing stiffer costs of living.