Five Cities Named as Most Affected by Inflation — CBS
The nationwide inflation rate was 3.3% in May compared to a year earlier. However, in five U.S. cities, consumer spending rose much more.
📍Honolulu tops the list of cities where inflation is much higher than the national rate. In Hawaii's state capital, it is 5.2%.
📍Dallas comes in second at 5%, and Seattle is third at 4.4%. San Francisco (3.8%) and Detroit (3.5%) round out the top five.
The high inflation in Dallas, according to a local economist, is due to a housing shortage that is driving up housing costs.
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The nationwide inflation rate was 3.3% in May compared to a year earlier. However, in five U.S. cities, consumer spending rose much more.
📍Honolulu tops the list of cities where inflation is much higher than the national rate. In Hawaii's state capital, it is 5.2%.
📍Dallas comes in second at 5%, and Seattle is third at 4.4%. San Francisco (3.8%) and Detroit (3.5%) round out the top five.
The high inflation in Dallas, according to a local economist, is due to a housing shortage that is driving up housing costs.
INSIDER USA 👉🏼 Subscribe