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Inflation in Arizona: March 2023 Update

Inflation in Arizona: March 2023 Update

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On a month-over-month basis, Consumer Price Index (CPI) inflation in the Phoenix metropolitan area and United States continued to rise in February after a slight decrease in December. At 8.5%, year-over-year price inflation in the Phoenix metropolitan area last month was 1.0 percentage points below its December reading of 9.5%.