(The Center Square) – Inflation continues to be worse in the Phoenix metropolitan area than in the rest of the country.
Consumer prices rose 12.1% from October 2021 to October 2022 in the Phoenix metro area. During that same stretch, prices rose 7.7% nationally, Common Sense Institute Arizona reports.
Even though inflation is still high, it is slowing down in the Phoenix metro area. As of August, the year-over-year inflation rate was 13%. Since the end of 2020, consumer prices have risen 21.1% in the Phoenix area – higher than any other part of the country, according to the Bureau of Labor Statistics.
