(AURN News) — Inflation remains a top problem for working families in the United States, with prices rising 0.4% in August — double the rate seen in July, according to federal data released this week. Over the past year, inflation has climbed 2.9%.
A new report from WalletHub breaks down which parts of the country are being hit the hardest. Among 23 metro areas analyzed, Tampa was the most impacted by inflation, followed by San Diego, Philadelphia, Anchorage and Los Angeles.
Meanwhile, cities with the lowest inflation rates compared with earlier this summer included Houston, Miami, and a three-way tie among Boston, Dallas and Honolulu.
WalletHub also compared inflation over the past year. Cities with the lowest year-over-year increases included Atlanta, Phoenix, Houston, Dallas and Detroit.
The report says the U.S. experienced a 40-year inflation peak after the pandemic — and while the national rate has cooled, regional disparities remain sharp. WalletHub ranked cities using key data from the Bureau of Labor Statistics’ Consumer Price Index.
Click play to listen to the AURN News report from Jamie Jackson:
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