In May, Tampa Bay, Florida had the lowest inflation rate (1.8%) among 23 US metropolitan areas, while Honolulu, Hawaii had the highest (5.2%).

Tampa Bay, Florida experienced the lowest inflation rate (1.8%) among 23 US metropolitan areas in May, contrasting with Honolulu, Hawaii, which had the highest annual inflation rate (5.2%). Tampa's fast-growing economy and significant new housing construction helped reduce housing costs and overall inflation. In contrast, Hawaii suffers from a housing affordability crisis due to chronic undersupply, worsened by natural disasters.

July 28, 2024
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