Inflation in Two More U.S. Cities Breach 10%

Inflation in two more U.S. cities — Tampa, Florida and Riverside, California — breached 10 percent last month.

March data from the Bureau of Labor Statistics showed that Tampa and Riverside have seen the highest surges in prices last month.

Tampa saw a 10.2 percent change from March 2021 to March 2022, and Riverside exactly 10 percent, according to the data.

Price surges in Tampa were driven in part by rising house prices, while Californians in Riverside saw skyrocketing electricity and fuel costs. Rents in the California city have also surged above the national average.

Tampa and Riverside had joined Phoenix and Atlanta in the growing list of cities with double digit inflation. Last month, consumer prices surged 10.9 percent year-on-year in Phoenix and 10.6 percent in Atlanta.

National inflation had breached 8.5 percent in March, the fastest pace since 1981, as fuel shortages tied to Russia’s invasion of Ukraine added to sharp increases in gasoline prices caused by supply chain issues during the COVID-19 pandemic.

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