US Inflation Rate: Which cities are facing the highest and lowest costs?
According to the U.S. Department of Labor’s latest inflation report for August, the consumer price index (CPI), a key indicator measuring the cost of goods such as gasoline, groceries, and rent, rose by 2.5% over the past year for the US as a whole.
This marks a continued slowdown in inflation, but regional disparities remain significant, as per a report by Fox Business.
Northeast Sees Highest Inflation Rates
The Northeast is currently the most affected region, with an inflation rate of 3.4% in August compared to the previous year, the highest of the four regions analyzed by the Bureau of Labor Statistics (BLS).
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