New York Metro Area Leads In Inflation in 2024 📈

What We're Showing

The CPI inflation (change in consumer prices) from December 2023 to December 2024 by U.S. region and select metropolitan areas.

Data comes from the U.S. Bureau of Labor Statistics and is updated as of January 2025.

City inflation figures are for their metropolitan statistical area, which is made up of one or more counties that contain a city of 50,000 or more inhabitants.

Key Takeaways

• The New York metropolitan area recorded the highest annual CPI inflation out of these major metropolitan areas at 4.3%, 1.4 percentage points higher than the U.S. average
• The overall U.S. annual inflation of 2.9%, higher than the Federal Reserve's target of 2% per annum and up from 2.7% in November.
• Houston recorded the lowest inflation rate among major metro areas at 1.0%, driven primarily by differences in housing costs. While housing expenses rose 4.1% nationwide since December 2023, they increased by just 0.4% in Houston.