Counting our change: Anchorage is No. 8 for inflation among major U.S. cities

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According to WalletHub, Anchorage is in the top 10 cities for experiencing inflation. It’s at No. 8, right between Miami and Los Angeles.

The U.S. inflation rate hit a 40-year high during the first two years of the Biden Administration, but has since started to flatten.

“The year-over-year inflation rate sits at 3.4% as of April 2024, which is still above the target rate of 2%. Various factors, such as the war in Ukraine and labor shortages, drive this higher than average inflation. Despite the country not meeting its target yet, it’s possible the Federal Reserve could even cut interest rates this year rather than raising them further,” WalletHub reports.

According to the AP, three rate reductions were suggested for 2024, starting in June, “But given the persistence of elevated inflation, financial markets now expect just one rate cut this year, in November, according to futures prices tracked by CME FedWatch.”

WalletHub compared 23 major metropolitan statistical areas across two key metrics related to the Consumer Price Index, which measures inflation. Honolulu Hawaii got a total score of 71.83, putting it at the top of the list for inflation, with Detroit closely following.

Source: WalletHub

WalletHub compared the Consumer Price Index for the latest month for which Bureau of Labor Statistics data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term.

Source: WalletHub

While Anchorage is in the top 10 for inflation, it’s in the No. 2 spot for rapidly increasing consumer prices compared to the two months prior:

Source: WalletHub

Read more about this report at WalletHub.com.

11 COMMENTS

  1. I listened to a comparison on these issues and what struck home in the conversation since the beginning of 2020 was the prices of homes going up 47 percent from prior 2020 and the inflation rate rising on everything due to the criminal thinking and acting of this presidency in the white house. The prices on inflation is right on Biden’s shoulders and every democrat that voted for the criminal idiot. I’m looking forward to voting him pout of the white house and putting a better person with better intentions for this country in that job.

  2. I listened to a comparison on these issues and what struck home in the conversation since the beginning of 2020 was the prices of homes going up 47 percent from prior 2020 and the inflation rate rising on everything due to the criminal thinking and acting of this presidency in the white house. The prices on inflation is right on Biden’s shoulders and every democrat that voted for the criminal idiot. I’m looking forward to voting him out of the white house and putting a better person with better intentions for this country in that job.

  3. Everybody wants more money, I mean who doesn’t. As a 67 year old man who still works and pays $1400 a month for rent, i could use a raise. I work for $18 bucks an hour, most “kids” that have no desire to even work are making more. I’ve seen it and experienced it. I work with one “kid” that likes to set his own hours and gets away with it. If and when he does show up he’s slow as molasses. Inflation keeps growing raising the cost of everything that’s a no brainer. As I’ve seen it’s an endless cycle. Unions, they started out as a good thing and demanding top dollar for labor, well somebody’s got to pay them, thereby raising the cost……endless,

  4. Bidenomics in action.

    And you’re gonna vote in a mayor who will dig deeper into your pockets than ever.

  5. Anchorage will be unlivable soon, the communist democrats are in complete control. All you stay at home, non-voters have given them control. Please don’t move to the valley.

    • Yes.
      Please don’t move to the Valley.
      Your fellow conservative citizens couldn’t count on you – we won’t be able to either.
      Look at Covid – Anchorage and the Valley are 50 miles apart – yet they were to parallel universes.
      Look what the citizens of Palmer did when some of the city council members wanted to impose a mask mandate.
      We over ran the council chambers with in person speakers, deluged them with emails.
      Then ran a recall effort and purged the LibTards that were behind this effort.
      I was in downtown Anchorage today – the homeless, the filth, the urine smells, the shuttered business and all the “blue” hairs walking around – Portland ReDo.
      No thanks.
      Can’t wait till they build the new airport in the Valley – I’ll never have to go to Los Anchorage.

  6. Thank you Anchorage Assembly. Thank you Unions who installed their sorry carcasses into office. Thank you putative mayor Suzanne LaFrance. Thank you all the non-profits and NGOs who support this lunacy. You and your supporters must be very proud. Cheers –

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