While U.S. prices rose 2.7% over the 12 months through June and inflation remains a concern, especially with higher tariffs kicking in, inflation has all but evaporated in metro Phoenix.
Nationally, inflation ticked up from a 2.4% rise over the 12 months through May. Many economists expected a bigger jump given that higher tariffs are starting to kick in or will soon.
“The most likely bet here is we are seeing a lull before the storm, with the effects of tariffs still ahead of us,” said Lee McPheters, a research professor at Arizona State University…