Colorado City Ranked Among U.S. Cities With Rapidly-Rising Inflation

By Nathaniel Weekes

March 15, 2023

Man holding shopping basket with bread and milk groceries in supermarket
Photo: Getty Images

It's no secret that recent jumps in inflation have affected everyday life for Americans. As a result, people are shelling out more money for gas, groceries, rent, and other essentials. Some price hikes have even made national headlines, like eggs costing $5 last December or gas hitting nearly $7 a gallon in a few parts of the country a year ago.

That's why WalletHub conducted a study pinpointing U.S. cities experiencing rapid inflation more than others. Here's how researchers did it:

"In order to determine the cities where inflation is rising the most – and thus is the biggest problem – WalletHub compared 22 major MSAs (Metropolitan Statistical Areas) across two key metrics related to the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS 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."

According to the study, a Colorado city ranked at No. 16: the Denver metro area. Residents here saw a 6.4% jump in consumer prices compared to this time last year.

Here are the Top 10 U.S. metro areas where inflation is rising the most:

  1. Tampa-St.Petersburg-Clearwater, Florida
  2. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (tied for No. 2)
  3. Phoenix-Mesa-Scottsdale, Arizona (tied for No. 2)
  4. Detroit-Warren-Dearborn, Michigan (tied for No. 4)
  5. Seattle-Tacoma-Bellevue, Washington (tied for No. 4)
  6. Atlanta-Sandy Springs-Roswell, Georgia 
  7. San Diego-Carlsbad, California 
  8. Riverside-San Francisco-Ontario, California
  9. Dallas-Fort Worth-Arlington, Texas
  10. Houston-The Woodlands-Sugar Land, Texas

Check out the full report on WalletHub's website.

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