The latest consumer price index is out; Phoenix leads the nation in inflation
The U.S Bureau of Labor Statistics released the latest inflation numbers, and they’re not looking good.
The Consumer Price Index shows the Phoenix metro-area leads the nation with a 13% change between August 2021 and 2022.
Over the past year, food prices are up more than 14% and energy is up more than 19%.
The area’s CPI rose nearly 1% from July to August because of higher prices for food, shelter and medical care.
To learn why numbers keep rising, The Show spoke with Phoenix economist Jim Rounds.
Hear Jim Rounds discuss the current inflation rates with host Steve Goldstein on The Show