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By Giulia Carbonaro

Senior Reporter

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Residents of Denver, Colorado, are facing the worst inflation problems in the nation, according to a Newsweek map based on data in a report by WalletHub.

The Consumer Price Index (CPI) in the Denver metropolitan area, which includes Aurora and Lakewood, jumped by 1 percent in the last month compared to the two months prior—the biggest increase in the U.S.

The CPI measures the average change over time in the prices paid by consumers for a determined basket of goods and services, effectively tracking inflation and the cost of living. WalletHub used changes in the CPI last month compared to two months before and a year earlier to determine where inflation is impacting residents most.

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Where Are Americans Worst Off?

Denver ranked number one with the highest total score, at 87.50. Los Angeles—which includes Long Beach and Anaheim—followed with a total score of 81.25, having seen its CPI increase by 0.70 percent in September compared to the previous two months and by 3.50 percent compared to a year earlier.

Chicago-Naperville-Elgin ranked third with a score of 80.21, with its CPI last month being 0.90 percent higher than two months earlier and 2.90 percent higher than a year earlier. In the top five are also Boston, with a total score of 78.13, and Minneapolis, at 71.35.

Compared to two months before, the cities with the steeper inflation increase in September were:

• Denver, CO
• Chicago, IL
• Phoenix, AZ
• Minneapolis, MN
• Washington, D.C.
• Anchorage, AK

The cities with the lowest inflation changes were:

• San Diego, CA
• Atlanta, GA
• Tampa, FL
• Houston, TX
• Miami, FL

Compared to a year earlier, the cities with the steeper inflation increase in September were:

• San Diego, CA
• Riverside, CA
• Los Angeles, CA
• Boston, MA
• Tampa, FL
• Philadelphia, PA

The cities with the lowest inflation changes were:

• Dallas, TX
• Atlanta, GA
• Phoenix, AZ
• Houston, TX
• Detroit, MI

What Is Going On With Inflation?

While far lower than at its peak during the pandemic, inflation remains above the Federal Reserve’s target rate of 2 percent.

According to the latest data, released by the Bureau of Labor Statistics on Friday with a delay of ten days, the CPI rose 3 percent from a year earlier—the fastest annual pace since the beginning of the year—up from the year-over-year increase of 2.9 percent a month earlier. It was the first time since January that inflation reached 3 percent, but the increase was milder than many experts feared.

Kevin Hassett, director of the White House National Economic Council, described the inflation report as “great” in remarks to Fox News.

The report was the first official piece of economical data showing how the U.S. is faring since the federal government entered the ongoing shutdown.

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