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Atlanta is city with 5th highest rise in inflation, according to study

By FOX 5 Atlanta Digital Team
Published  April 12, 2023 12:38pm EDT
News
FOX 5 Atlanta

ATLANTA - Atlanta is the city with the 5th highest rise in inflation, according to a new WalletHub study. 

WalletHub compared 22 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation.

The other top 5 are:

1. Philadelphia
2. Detroit
3. Phoenix
4. Seattle

According to the Bureau of Labor, area prices are up 7.2% over the past 12 months for metro Atlanta.

The biggest rise in cost for Atlanta residents was energy. The energy index rose 5.3% from December to February, led by a 13.2% increase in the cost of gasoline.

The cost for shelter also increased from December to February by 1.5%, according to Labor Bureau. Additionally, apparel rose 6.9% and recreation increased 3.3%.

Inflation hit a 40-year high last year. Although inflation has started to slow, the year-over-year inflation rate was still 5% in March.