WalletHub has unveiled a new report highlighting how major metropolitan areas are bearing the brunt of inflationary pressure.
According to analysts at WalletHub, the Covid-19 pandemic triggered a 40-year high in the U.S. inflation rate, though it has since eased. The site compared 23 metropolitan areas across two critical metrics tied to the Consumer Price Index (CPI), the primary gauge of inflation. By analyzing the CPI for the most recent month available from the Bureau of Labor Statistics and comparing it to two months prior and one year prior, the report reveals shifts in inflation over both short and long terms.