MD Cities Among Top 10 For 'Inflation Problem' In US: Study

BALTIMORE, MD — A new report on how inflation is affecting major cities across the U.S. finds that the Baltimore and Washington, D.C. metros have some of the biggest inflation problems out of any region in the country.

The WalletHub study published Wednesday finds that the Baltimore area saw one of the largest consumer price index changes: 0.5 percent in the past two months.

The metro's consumer price index change from a year ago sits at 3.0 percent.

"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," the report states.

"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."

The Baltimore-Columbia-Towson metro ranked No. 9 for inflation nationally.

The Washington, D.C.-Arlington-Alexandria, suburban Maryland metro ranked No. 8 for inflation with a 3.7 percent increase over 2023.

According to WalletHub, these metros have the biggest inflation problem:

1. Minneapolis, MN — 3.50% CPI since 1 year ago
2. Chicago, IL — 3.80% CPI since 1 year ago
3. Detroit, MI — 3.50% CPI since 1 year ago
4. Honolulu, HI — 4.50% CPI since 1 year ago
5. New York, NY — 3.70% CPI since 1 year ago

And the publications says these metros have the smallest inflation problem:

19. San Francisco, CA — 2.70% CPI since 1 year ago

20. Atlanta, GA — 1.70% CPI since 1 year ago

21. Riverside, CA — 2.80% CPI since 1 year ago

22. Phoenix, AZ — 2.30% CPI since 1 year ago

23. Anchorage, AK — 1.50% CPI since 1 year ago

Check out the entire study here.