Miami, where prices are rising the most in the United States

Inflation is keeping many in the United States on edge, but if you live in Miami, there are even more reasons to worry.cuparse. It turns out that according to a list of WalletHub, the South Florida city is the city in the country where prices are rising the most.

Another city in the state, Tampa, also shows worrying consumer price indices, ranking fourth. This indicator refers to the variation in prices paid by consumers for goods and services. 

In Miami, the rate increased by 2022% between April 9 and April of this year, while in Tampa it rose by 7.7%. To get a clearer idea of ​​what this means, the national average consumer price index was 4.9%.

WalletHub's communications director, Jill González, explained to local media that the increase in Miami is primarily due to the 15% rise in housing prices. She also mentioned the impact that electricity and other utilities have had on inflation.

An example of this is the cost of food, which increased by 7.9% in the last year, and the increase in energy was 7.1%.

High prices in the United States

In 2022, inflation in the United States reached its highest level in recent decades. 

Looking at WalletHub's list, it can be seen that one of the most expensive cities in the United States, New York, is showing a stable performance. Prices there only increased by 3.7% between April 2022 and April 2023. 

On the other hand, other cities where inflation did increase considerably are Detroit, Phoenix, Denver, Chicago, San Diego, and Houston.

For its research, WalletHub compared 23 major U.S. cities using the Consumer Price Index. This helped determine inflation levels in different metropolitan areas.