Summary
Residents in Denver, Colorado, are experiencing the highest inflation in the United States, with a significant rise in the Consumer Price Index (CPI) over recent months. The CPI measures changes in the cost of living, and recent data show other cities like Los Angeles and Chicago also facing notable inflation increases. Inflation remains above the Federal Reserve's target, affecting various parts of the country differently.
Key Facts
- Denver, Colorado, has the highest inflation rise in the nation, with a CPI increase of 1% last month.
- The CPI tracks how prices change for goods and services over time.
- Los Angeles recorded a 0.70% increase in CPI in September compared to the previous two months.
- Other cities with significant inflation include Chicago, Boston, and Minneapolis.
- Inflation is still above the Federal Reserve's 2% target, now at 3% from a year earlier.
- The Bureau of Labor Statistics reports it was the fastest annual inflation rise since the year's start.
- Cities like San Diego and Los Angeles have higher annual inflation compared to others like Dallas and Atlanta.
