While the U.S. inflation rate hit a 40-year high in 2022, it has slowed this year due to actions taken by the Federal Reserve.
To find how inflation affects different cities, WalletHub compared 23 metropolitan areas across two key metrics: how much the Consumer Price Index, which measures inflation, has changed from two months ago, and how much it has changed from one year ago.
The cities hardest hit by inflation in 2023:
1. Miami/Fort Lauderdale/West Palm Beach, Fla.
2. Tampa/St. Petersburg/Clearwater, Fla.
3. Riverside/San Bernardino/Ontario, Calif.
4. San Diego/Carlsbad, Calif.
5. Atlanta/Sandy Springs/Roswell, Ga.
6. Seattle/Tacoma/Bellevue, Wash.
7. Dallas/Fort Worth/Arlington, Texas
8. Washington, D.C./Arlington/Alexandria, Va.
9. Detroit/Warren/Dearborn, Mich.
10. Minneapolis/St. Paul/Bloomington, Minn.
11. New York City/Newark/Jersey City, N.J.
12. Anchorage, Alaska
13. Philadelphia/Camden, N.J./Wilmington, Del.
14. Denver/Aurora/Lakewood, Colo.
15. Los Angeles/Long Beach/Anaheim, Calif.
16. Houston/The Woodlands/Sugar Land, Texas
17. Urban Honolulu, Hawaii
18. Boston/Cambridge/Newton, Mass.
19. Baltimore/Columbia/Towson, Md.
20. Phoenix/Mesa/Scottsdale, Ariz.
21. St. Louis, Mo.
22. Chicago/Naperville/Elgin, Ill.
23. San Francisco/Oakland/Hayward, Calif.
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