Honolulu Is the City with the 5th Highest Inflation Problem

from Wallet Hub, August, 2024

With the year-over-year inflation rate at 2.9% in July, slowing below 3% for the first time since March 2021, 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.

Inflation Problem in Honolulu (1=Worst, 12=Avg.):

Overall rank: 5th

• 16th – Consumer Price Index Change (0% increase -- Latest month vs 2 months before)
• 1st – Consumer Price Index Change (4.5% increase -- Latest month vs 1 year ago)

Read … Full Report