The consumer price index jumped by 6.5 percent in December from a year earlier. In 10 cities, the growth in CPI was much greater.
The U.S. Bureau of Labor Statistics said Jan. 12 that the CPI, a key measure of inflation, was up by 6.5 percent in December from a year prior, down from November's 7.1 percent reading. That marks the first time prices have dropped month-over-month since May 2020 and the slowest annual rate of price increases since October 2021.
To determine the difference in inflation growth between 23 major metropolitan statistical areas, WalletHub compared key metrics related to the CPI for the latest month for which BLS data is available to two months prior and one year prior to assess how inflation changed in the long-term.
Below are the MSAs where inflation has increased the most from the latest month to one year prior. Find Wallethub's full rankings, published Jan. 12, here.
Cities with most long-term growth to inflation
1. Miami: 9.9 percent
2. Tampa, Fla.: 9.6 percent
3. Phoenix: 9.5 percent
4. Seattle: 8.4 percent
5. Dallas: 8.4 percent
6. Atlanta: 8.1 percent
7. Riverside, Calif.: 7.5 percent
8. Boston: 7 percent
9. Denver: 6.9 percent
10. San Diego: 6.7 percent