The U.S. inflation rate, which hit a 40-year high after the Covid policies kicked in, has eased off, in part due to the increase in interest rates set by the Federal Reserve.
The year-over-year inflation rate sits at 3.3% as of May. That is 30% higher than the 2% target.
Around the country, the rate of inflation impacts people differently. WalletHub compared 23 major metropolitan statistical areas across two key metrics retailed to the Consumer Price Index, which measures inflation.
Anchorage came in sixth out of the top 23 cities with high inflation, meaning that inflation is higher in Anchorage than most other metropolitan areas the economic website evaluated. Last month, it was in the No. 8 spot, which means it’s just gotten more expensive in Anchorage.
This news comes at a time when the Anchorage Economic Development Corporation is making a move to establish a sales tax of 3% in Alaska’s largest city.
View the WalletHub comparison of city inflation rates here;
