Significant Statistics | Inflation Stabilized

Written by: Christopher Collard

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:

  1. Explore current rates.
  2. Compare rates for Western and Mountain States urban areas.
  3. Break down the overall rate into major components.
  4. Highlight some specific factors of interest.
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