The video above is a break down of inflation.
In August, the U.S. inflation rate stood at 8.3%, according to the U.S. Bureau of Labor Statistics. That's down from a four-decade high of 9.1% in June. For Houston consumers, though inflation remains above the U.S. rate. And it turns out, Houston is saddled with one of the highest inflation rates among major U.S. metro areas.
Houston's inflation rate jumped 9.5% from August 2021 to August 2022, according to a new study from personal finance website WalletHub. That means prices for a host of goods and services climbed 9.5% from August 2021 to August 2022.
Continue reading this article from our ABC13 partners at Houston CultureMap.
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