Inflation in Utah

Utah seems to be in a decent economic position. Its inflation is between 2.9% and 3.5% (at or above the national rate of 3.0%), and its unemployment rate is only 3.3%. Utah’s inflation rate is slightly above the national 15-year average (2.6%), while its unemployment rate is well below the state’s 15-year average (4.1%).

Figures 1, 2, and 4 from the interactive dashboard: Current year-over-year inflation rate for all U.S. urban areas and the four primary inflation subcategories.

Since March of 2023, housing dominated the story behind inflation, at times accounting for more than 66% of the national annual inflation rate. That is no longer the case. Price increases among “everything else,” which excludes housing, food, and energy, now represent just as large a burden.

 

 

Most Recent Inflation Dashboard – Updated with September 2025 Data

 

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.

The interactive dashboards represent a point-in-time snapshot. Our full list of dashboards are included below:

You can also read additional Utah Foundation research on inflation and the economy at large.