The rising cost of life doesn't seem to be slowing down any time soon, and nowhere has inflation hit our wallets the hardest than right here in North Texas.
According to a report from WalletHub, Dallas-Fort Worth ranked No. 1 as the city with the highest inflation rate in the United States.
Per CultureMap Dallas, the report measured inflation across 23 of America's largest metropolitan statistical area using two metrics: the most previous month and the most recent year.
In the most previous month, which was November, Dallas-Fort Worth saw the biggest climb in the U.S. with an increase of .90% when compared to the two prior months, and in the most recent year, inflation in DFW increased by 5.2% year-over-year from November 2022.
DFW came second in the US in that metric only behind Miami.
Daniel C. O'Neill, a professor of political science and chair of the School of International Studies at University of the Pacific, believes that previous government policies, post-COVID-19 pandemic recovery, and employee demands for higher pay as the major factors behind rising inflation.
The top 10 metro areas where inflation is rising the most are as follows:
No. 1 – Dallas-Fort Worth-Arlington, Texas No. 2 – Miami-Fort Lauderdale-West Palm Beach, Florida No. 3 – Urban Honolulu, Hawaii No. 4 – San Diego-Carlsbad, California No. 5 – Detroit-Warren-Dearborn, Michigan No. 6 – Tampa-St. Petersburg-Clearwater, Florida No. 7 – Houston-The Woodlands-Sugar Land, Texas No. 8 – Riverside-San Bernardino-Ontario, California No. 9 – Denver-Aurora-Lakewood, Colorado No. 10 – Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland
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