Inflation in metro Phoenix is double that of cities like San Francisco and New York. Here's why
An ASU economist says the Consumer Price Index around the Valley rose at a 13% pace over the 12 months through August, compared to U.S. inflation of 8.3%.
In this story published on Sept. 18, 2022, in The Arizona Republic:
That 13% likely marks a record for the Phoenix area since the federal Bureau of Labor Statistics began tracking numbers.
– Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center
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