NYC Inflation Crisis: Tri-State Area Hit Hardest

<img src="https://media.nbcnewyork.com/2019/09/NYC_aerial-1-1.png?fit=2060%2C847&amp;quality=85&amp;strip=all&amp;w=400&amp;h=44&amp;crop=1" alt="Aerial view of New York City">

The New York-Newark-Jersey City metro area has been identified as having the highest inflation rates in the United States, according to a recent WalletHub study. This comes after a period of record-high inflation across the nation.

While national inflation has cooled somewhat, the impact on daily life remains significant, affecting everything from grocery bills to mortgages. WalletHub's analysis, which used key metrics from the Consumer Price Index (CPI), ranked major metropolitan areas based on the CPI change in both the latest month versus the previous two months and the latest month versus the previous year.

Key Findings:

• The New York-Newark-Jersey City, NY-NJ-PA MSA ranked number one for the highest inflation problems.
• The study considered the Consumer Price Index Change (Latest month vs 2 months before) and Consumer Price Index Change (Latest month vs 1 year ago).

For a complete understanding of the methodology and a full list of cities, visit WalletHub's report.

This high inflation in the Tri-State area underscores the ongoing economic challenges faced by residents.