HONOLULU (KHON2) — It’s no secret that prices, across the board, have increased significantly in Honolulu over the last couple of years. From increased houselessness to decreased wages, we are experiencing a difficult time.
A new report has been published that confirms what we are all experiencing. Honolulu is being gutted by inflation.
The report investigated cities experiencing disproportionate inflationary pressure.
Amongst the 23 surveyed cities, Honolulu was found to be facing the most significant impact of inflation. Our high inflation rates are followed by Miami and the Riverside-San Bernardino metro area.
Honolulu, which is identified as the metro-area with the highest overall score, has experienced a 4.8% inflation rise on the year over year measure and 1.5% on the two-month comparison.
To understand how much ours is increasing, Anchorage, Alaska was found to have the lowest scoring city in the United States. They saw a .1% rise in prices year over year but a 1.7% increase in the two-month comparison.