Inflation has stabilized over the last 12 months between 3% and 4%, though that rate is higher than the Federal Reserve’s target of 2%. The higher rate is likely due to increasing housing costs. Energy inflation levels are near their long-term average while price increases on food and everything else have slowed below their long-term average.
The Utah Foundation’s interactive dashboard allows residents is to:
- Explore current rates.
- Compare rates for Western and Mountain States urban areas.
- Break down the overall rate into major components.
- Highlight some specific factors of interest.
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