Inflation Reports

Inflation in Arizona January 2024 Update

Inflation in Arizona January 2024 Update

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After running higher than the nation since August 2021, the Phoenix metro area – for the third period in a row – has a lower inflation rate than the U.S.

Inflation in Arizona November 2023 Update

Inflation in Arizona November 2023 Update

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On a year-over-year basis, the rate of Consumer Price Index (CPI) inflation in the Phoenix metropolitan area decreased in October, matching the lowest rate of inflation since March 2021.

Inflation in Arizona September 2023 Update

Inflation in Arizona September 2023 Update

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For the first time during this period of rapid price increases, the cost of Shelter in the Phoenix area (market and imputed rental prices) decreased between June and August.

Inflation in Arizona- July 2023 Update

Inflation in Arizona- July 2023 Update

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At 4.4%, year-over-year price inflation in the Phoenix metropolitan area last month was 3 percentage points below its April reading of 7.4%. Month-over-month inflation is 0.1%, a 0.7% decrease from April.

Inflation in Arizona May 2023

Inflation in Arizona May 2023

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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

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%.

Inflation in Arizona: November 2022 Update

Inflation in Arizona: November 2022 Update

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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

Inflation in Arizona: September 2022 Update

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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

Inflation in Arizona: June 2022 Update

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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.