Inflation is cooling, but some places are hit with inflation worse than others.
FILE - Sale signs hang on the long display of snacks at a Target store Oct. 4, 2023, in Sheridan, Colo. has a new report showing which cities have the worst inflation problems. Detroit is at 3.5%, Dallas is at 5%, and Honolulu at 5.2%. The city with the smallest inflation problem is Tampa with a rate of just 1.8%.WalletHub's analysts cites issues like supply chain disruptions and labor shortages as potential major contributors to the kind of upheaval faced by people in certain cities.
"The top cities are going to see high demands for goods and services," WalletHub editor Christie Matherne explained in a"Supply chain disruptions can affect regions differently, such as labor shortages can be more severe in different places, that sort of thing."predicts the Federal Reserve will issue an interest rate cut, possibly before the end of the year.
Cities Debt Wallethub Rates Detroit Dallas Honolulu
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