đ„ Phoenix Beats Inflation! 2nd Lowest in the U.S.
A new đWalletHub study shows Phoenix ranks as the metro area with the 2nd-lowest inflation among 23 major U.S. cities. While the national inflation rate remains at 2.4% year-over-year (still above the Fedâs 2% target), Phoenixâs inflation has barely budged â just a 0.3% increase over the past year and 0.4% over the last two months.
What does this mean for Phoenix homeowners? Lower inflation means your everyday expenses like groceries, utilities, and services are rising more slowly here than in most other cities. This helps keep your moneyâs value steadier and supports a more stable housing market locally.
Nationwide inflation pressures continue due to factors like Federal Reserve interest rate hikes, labor shortages, and global events, but Phoenix homeowners are seeing some relief. This could be a great opportunity to make thoughtful financial moves, whether youâre buying, refinancing, or planning your next step in the housing market.
đ Ready to take advantage of Phoenixâs low inflation and rising opportunities?
Letâs connect! Iâm here to help you navigate home financing options that fit your goals. Reach out today and make smart moves in the Phoenix market!