Tampa inflation rate drops; still among highest
December 20, 2022 - Inflation fell below 10% in the Tampa metro area last month for the first time since January. A subsequent Bloomberg article said the abatement could be “the strongest sign yet that the worst may be over for U.S. consumers.” However, consumer price index data shows that Tampa Bay’s 9.6% year-over-year increase is the fourth-highest in the nation, behind Phoenix, Miami and Atlanta, respectively. According to a WalletHub report, November’s local inflation rate was 1% higher than September, also tied for the fourth highest in the nation.