By Diana Polk
With the year-over-year inflation rate at 2.4% in March, the personal-finance website WalletHub today released its updated report on the Changes in Inflation by City, as well as expert commentary.
To determine how inflation is impacting people in different cities, WalletHub compared 23 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term.
To view the full report and your city’s rank, please visit: https://wallethub.com/edu/cities-inflation/107537
Changes in Inflation by City
By Adam McCann, WalletHub Financial Writer – April 10, 2025
The U.S. inflation rate hit a 40-year high after the pandemic but has since cooled significantly due to factors like the Federal Reserve rate hikes. The year-over-year inflation rate sits at 2.4% as of March 2025, which is still above the target rate of 2%. Various factors, such as the war in Ukraine, labor shortages and recent tariffs, drive this higher than average inflation. Despite the country not meeting its target yet, the Federal Reserve will keep interest rates at the level set in December 2024.
Inflation rates differ across the U.S., though. To determine how inflation is impacting people in different parts of the country, WalletHub compared 23 major MSAs (Metropolitan Statistical Areas) across two key metrics related to the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term.
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