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Inflation Is Up. How Much Depends on Where You Are
Bloomberg Businessweek US
|August 29, 2022
Inflation showed signs of easing in the US in July, but a lot depended on where you live.
The Bureau of Labor Statistics reported that consumer prices rose 7.3% over the 12 months through July in the Northeast, 9.4% in the South. So-called core inflation, which excludes volatile food and energy prices, is better at capturing trends and makes the contrast clearer. In the Northeast it was 4.3% and has been falling since March; in the South and West it was more than 6% and rising.
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