This ranks second only to Honolulu among the 23 major metropolitan areas in the United States. Other cities known for their relatively high cost of livingInflation also rose 1% over the past two months in Dallas-Fort Worth, which includes New York City and Los Angeles, making it the city with the worst inflation rate in the country, according to the survey.
The relatively high inflation rate is the result of “a severe housing shortage and strict government policies that limit new construction,” which is causing home prices to soar in the Dallas-Fort Worth area, WalletHub analyst Cassandra Happe said.
Other factors cited include “significant increases in energy prices,” including electricity prices, and continued inflation in key areas such as health care and transportation services. In relation to hospital consolidation In recent years, transportation costs have This is largely related to the effects of urban sprawl.According to the Dallas Morning News.
Besides Dallas-Fort Worth, Honolulu is the only city surveyed with year-over-year inflation above 5%.
Here is WalletHub’s ranking of metro areas with the highest inflation rates (from worst to best): The rankings are based on an equally weighted index of year-over-year inflation as of June 2024 and inflation over the past two months.
- Changes over the past two months: 1.00%
- Changes over the past year: 5.00%
- Changes over the past two months: 0.70%
- Changes over the past year: 5.20%
- Changes over the past two months: 1.10%
- Changes over the past year: 4.20%
- Changes over the past two months: 1.00%
- Changes over the past year: 3.40%
- Changes over the past two months: 0.60%
- Changes over the past year: 4.00%
- Changes over the past two months: 0.60%
- Changes over the past year: 4.00%
- Changes over the past two months: 0.80%
- Changes over the past year: 3.40%
- Changes over the past two months: 0.80%
- Changes over the past year: 3.30%
- Changes over the past two months: 0.40%
- Changes over the past year: 3.80%
- Changes over the past two months: 0.50%
- Changes over the past year: 3.20%
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