The 10 cities in the United States where inflation continues to rise fastest

In June 2022, the year-on-year inflation rate hit a four-decade high in the United States, exceeding nine percent as the price of various products and services shot up.

Since then, the Federal Reserve (Fed) has adopted a hawkish stance, that is to say aggressive, on monetary policy issues by implementing interest rate hikes with the aim of reducing inflation down to two percent. According to official figures, current inflation as of April, was 4.9 percent.

The figures for the month of May will be released on Tuesday, and it could swing the Fed’s decision to raise interest rates yet again. However, due to the weak employment figures, there are those who point to a pause in the cycle of increases.

Although these measures have paid off and inflation has dropped considerably compared to a year ago, the truth is that the index continues to be a bit high, more than double what policymakers target. In addition, the national rate differs from the state rate, since there are various cities in the country where current inflation exceeds eight percent.

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The 10 cities in the United States where inflation continues to rise fastest

According to reporting from CNBC, below are the cities in the United States where the inflation rate continues to rise fastest above the national average.