The Sun Belt is taking the brunt of historic inflation, while some Northeast states have been less hard hit, new federal data shows.
Consumer prices in May rose 8.6% from a year earlier, the highest rate in 41 years.
Some areas saw even higher inflation, including the Tampa area (11.3%), California’s Inland Empire around Riverside (9.4%) and Dallas (9.1%), the federal Bureau of Labor Statistics announced.
Although numbers for Phoenix and Atlanta were not fully reported in May, the cities already had rates above 10% for the year in April, the last time all prices were reported there. The bureau samples core costs such as food and fuel every month, but other items only on a rotating schedule.
Among regions, the states around Texas, including Arkansas, Louisiana and Oklahoma, had the largest increase at 9.9%. The lowest was 7.3% in the Middle Atlantic states from New Jersey to North Carolina, including Delaware, the District of Columbia, Maryland, Pennsylvania and Virginia.
Shelter, gasoline and food led the increases nationwide, according to the BLS data release. Gasoline and other energy costs rose 3.9% in May after dropping in April, and have now grown 34.6% in a year, the largest spike since 2005. Gasoline is up 48.7% for the year, while fuel oil has more than doubled.
Food costs are up 10.1% for the year. Shelter, which includes rent and homeowner costs, is up 5.5%.
Costs for items other than energy and food have risen 6% in a year.
Stateline, an initiative of The Pew Charitable Trusts.
Get More Context: With the barrage of information coming through your social media feeds and phone notifications, it can be hard to get a clear picture of what’s happening in your community and throughout the state. Click here to see what else is happening in The Peach State and get your news in context instead of relying on social media feeds and notifications for your news. We’ll help you stay informed.
Disclosure: This article may contain affiliate links, meaning we could earn a commission if you make a purchase through these links.
