Yahoo Finance Here’s How Hard Inflation Has Hit Every State Over the Past Year
Despite the Federal Reserve’s efforts to bring the inflation rate below 2%, the annual inflation rate for the past 12 months remains above that threshold at 3.4%, according to the latest report from the Bureau of Labor Statistics.
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However, inflation hasn’t been evenly distributed among the states. Some states — like Rhode Island, which has an estimated annual inflation rate of 1.8% — have already hit the Fed’s benchmark, USA Today reported. Meanwhile, other states are experiencing elevated levels of inflation, including Florida, which has an estimated annual inflation rate of nearly 4%.
Here’s a look at the estimated annual rate of inflation in every state, based on a Moody’s analysis of BLS data.
Alabama
Annual inflation rate: 3.64%
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Alaska
Annual inflation rate: 3.55%
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Arizona
Annual inflation rate: 2.85%
Arkansas
Annual inflation rate: 3.27%
California
Annual inflation rate: 3.60%
Colorado
Annual inflation rate: 2.94%
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Connecticut
Annual inflation rate: 2.11%
Delaware
Annual inflation rate: 3.02%
Florida
Annual inflation rate: 3.91%
Georgia
Annual inflation rate: 3.58%
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Hawaii
Annual inflation rate: 3.51%
Idaho
Annual inflation rate: 2.75%
Illinois
Annual inflation rate: 2.98%
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Indiana
Annual inflation rate: 2.55%
Iowa
Annual inflation rate: 2.97%
Kansas
Annual inflation rate: 3.18%
Kentucky
Annual inflation rate: 3.40%
Louisiana
Annual inflation rate: 3.40%
Maine
Annual inflation rate: 2.23%
Maryland
Annual inflation rate: 2.16%
Massachusetts
Annual inflation rate: 1.90%
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Michigan
Annual inflation rate: 2.85%
Minnesota
Annual inflation rate: 3.26%
Mississippi
Annual inflation rate: 3.32%
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Missouri
Annual inflation rate: 3.02%
Montana
Annual inflation rate: 2.78%
Nebraska
Annual inflation rate: 2.96%
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Nevada
Annual inflation rate: 2.93%
New Hampshire
Annual inflation rate: 2.08%
New Jersey
Annual inflation rate: 1.99%
New Mexico
Annual inflation rate: 3.04%
New York
Annual inflation rate: 2.88%
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North Carolina
Annual inflation rate: 3.51%
North Dakota
Annual inflation rate: 3.13%
Ohio
Annual inflation rate: 2.87%
Oklahoma
Annual inflation rate: 2.67%
Oregon
Annual inflation rate: 3.26%
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Pennsylvania
Annual inflation rate: 3.48%
Rhode Island
Annual inflation rate: 1.78%
South Carolina
Annual inflation rate: 2.27%
South Dakota
Annual inflation rate: 3.64%
Tennessee
Annual inflation rate: 3.10%
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Texas
Annual inflation rate: 3.81%
Utah
Annual inflation rate: 3.45%
Vermont
Annual inflation rate: 3.75%
Virginia
Annual inflation rate: 2.66%
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Washington
Annual inflation rate: 3.61%
West Virginia
Annual inflation rate: 3.13%
Wisconsin
Annual inflation rate: 2.56%
Wyoming
Annual inflation rate: 2.71%
Data is sourced from USA Today and is accurate as of April 11, 2024.
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