People around the country are feeling the effects of higher consumer prices. Some places are more affected than others by inflation, though, according to a recent report by WalletHub.
According to WalletHub, Colorado’s Denver-Aurora-Lakewood metropolitan area has the biggest inflation problem in the U.S. The latest month-to-month Consumer Price Index (CPI) change there was 1%, and it went up by 3.10% compared to last year, the financial website found.
To rank these cities, WalletHub analyzed 23 Metropolitan Statistical Areas across two metrics related to the CPI. It looked at the CPI for the latest month the Bureau of Labor Statistics had available, and as well as last year “to get a snapshot of how inflation has changed in the short and long term.”
Which metropolitan areas are being hit the hardest?
Coming in second and third place in WalletHub’s list is Los Angeles-Long Beach-Anaheim in California, which had a month-to-month CPI change of .7% and an increase from last year of 3.5%, and Chicago-Naperville-Elgin in Illinois, which saw a month over month increase of .9% and year over year of 2.9%…