Inflation nearly flat in metro Phoenix while US prices continue to climb

Inflation is at an all time low in the Valley as new inflation report shows recent trends are caused by a decline in gas prices.

In this article published July 15, 2025, in The Arizona Republic:

The drop in apparel prices might reflect businesses stocking up on inventory before tariffs bite later this year.

— Lee McPheters, professor emeritus, JPMorgan Chase Economic Outlook Center