Inflation Reports

Inflation in Arizona May 2023

May 10, 2023

At 7.4%, year-over-year price inflation in the Phoenix metropolitan area last month was 1.1 percentage points below its February reading of 8.5%.

Inflation in Arizona: March 2023 Update

Mar 14, 2023

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%.

Inflation in Arizona: January 2023 Update

Jan 12, 2023

At 9.5%, year-over-year price inflation in the Phoenix metropolitan area last month was 2.6 percentage points below its October reading of 12.1%.

Inflation in Arizona: November 2022 Update

Nov 10, 2022

Of the 23 urban consumer price indices tracked by the BLS, the Phoenix metro area again had the highest rate of inflation in October, due mostly to pressures from shelter costs.

Inflation in Arizona: September 2022 Update

Sep 13, 2022

Consumer prices in the United States continued their record ascent in August, rising 8.7% over the last 12 months and 0.1% over July. More distressingly, core inflation sharply accelerated to 0.6% (from 0.3% in July).

Inflation in Arizona: June 2022 Update

Jul 13, 2022

Consumer prices in the United States continued their record ascent in June, rising 9.1% over the last 12 months – the highest rates in 41 years. At 12.3%, price inflation in the Phoenix metropolitan area remains both well above the national average and at the highest levels ever recorded for the city.

Inflation in Arizona: April 2022 Update

May 11, 2022

Consumer prices in the United States continued their record ascent in April, rising 8.3% over the last 12 months – among the highest rates in forty years. At 11.0%, price inflation in the Phoenix metropolitan area remains both well above the national average and at the highest levels ever recorded for the city.

Inflation in Arizona – February 2022 Update

Mar 10, 2022

Consumer prices in the United States rose again in February, by 7.9% over the last 12 months – its highest rate in over forty years. At 10.9%, price inflation in the Phoenix metropolitan area remained both well above the national average and at the highest levels ever recorded for the city.

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