Where is inflation the highest? Chicago and New York rank near the top

Published On Sep 12, 2024, 2:00 AM

Inflation rates in the U.S. are showing varied trends across different regions. As of August, Chicago reported the highest urban inflation rate at 3.8%, closely followed by New York City at 3.7%. The Northeast region, in general, has the highest inflation at 3.4%, and the Midwest follows with 2.6%. Meanwhile, the southern and western regions report lower inflation rates ranging from 1.7% to 2.3%. Current inflation trends indicate that consumers in the Northeast and Midwest are experiencing significantly higher price increases compared to those in the South and West.