Phoenix is one of the inflation hot spots that has seen an influx of new residents.
Prices are up across the country. The consumer price index rose by 8.3% in April 2022 from a year ago.
Atlanta and Tampa are also among the metro regions seeing both hot inflation and the pandemic-related surge in homebuying. “People move to Atlanta because it’s more affordable,” Vivian Yue, economics professor at Emory University, told CNBC.
Prices are up across the country. The consumer price index rose by 8.3% in April 2022 from a year ago.
“For years and years, it’s always been a mixed bag of things going up, other things coming down, and that’s not the case lately. Essentially, everything is rising,” Steve Reed, economist with the U.S. Bureau of Labor Statistics, told CNBC.
