Annual U.S. inflation in the first quarter of this year, 2022, averaged just below 8.0% – the 13th-highest rate among the 44 countries examined.
CURRENT INFLATION RATES AMONG CONSERVATIVE GOVERNMENT-RUN COUNTRIES
CURRENT US INFLATION RATE
United States 9.1%
Merchant Maverick’s inaugural report, “The 10 U.S. States Where Inflation Is Hitting Consumers The Hardest,” examined where inflation is rising the fastest, and how much existing factors within a state may contribute to the stress on a household budget. One of the key findings is that inflation is causing prices to rise higher and faster in the South than in the rest of the country, which, combined with generally lower median household incomes, is affecting the region the most.
The top state affected by inflation is Louisiana, the report found, as it is burdened by the highest sales tax rate in the nation and one of the lowest median household incomes. Next comes Florida. The high cost of living relative to other states, substantial sales tax and low median income all have the Sunshine State reeling from inflation, the report noted, adding that South Florida has been especially hard-hit by inflation and particularly housing and gas prices, with cities like Tampa and Miami experiencing drastically higher prices this year over last.