Inflation Continues to Impact U.S. Cities with Honolulu, Miami, and San Bernardino Most Affected

Recent studies reveal that inflation rates remain significantly above the Federal Reserve's 2% target, particularly in Honolulu, Miami, and San Bernardino.

Honolulu, Miami, and San Bernardino top the list of U.S. cities with the highest inflation rates, according to recent WalletHub studies.
The Consumer Price Index (CPI) shows a 3.5% increase across the U.S. for the year ending in March, marking a consistent rise above the Federal Reserve's target.
Inflation rates in Honolulu and Miami have surged to nearly 5% annually, exacerbating the cost of living.
Experts attribute persistent high inflation to factors including COVID-19's impact on supply chains and geopolitical tensions affecting commodity prices.
President Biden acknowledges the need for further action to tackle high inflation, despite a 60% reduction from its peak.