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Americans are facing vastly different inflation rates depending on where they live in the U.S., with the Northeast becoming a hotbed for stubborn price growth.
The Labor Department reported earlier in July that the consumer price index, a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. Prices remain up 3% from the same time last year.
But the pace of inflation is much faster in certain parts of the country.
Inflation tightened its grip in New England last month, with the region – which includes Maine, Massachusetts, Connecticut, New Hampshire, Vermont and Rhode Island – reporting that prices soared 3.8% in June.
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A view of a grocery store in Washington, D.C., on Feb. 14, 2024. (Photo by Mostafa Bassim/Anadolu via Getty Image / Getty Images)
Consumer prices in the mid-Atlantic also rose faster than inflation did nationwide last month. In the region that encompasses New York, Maryland, Pennsylvania and Delaware, prices also rose 3.8%.
The spike is even worse in certain cities: New York, for instance, recorded the highest inflation rate among large cities, with prices up 4.2% last month. Philadelphia also saw a larger-than-average increase at 3.6%.
Other cities are also experiencing inflation that's well above the national average. Prices were up 3.8% in Seattle, 3.5% in Miami and 3.4% in both St. Louis and Detroit.
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By comparison, prices in the Mountain Region
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