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Inflation hit a 40-year high of 9.1% in 2022. Nationally, the CPI is at 3.1% as of January 2024, according to data released Tuesday from the Bureau of Labor Statistics .
The finance site evaluated 23 of the biggest U.S. metro areas based on inflation, scoring them on a scale of 0 to 100, with 100 representing the highest inflation rate. Who was number one? Cities ...
Dallas ranks second for highest inflation rate among U.S. cities, while Houston secured the No. 10 spot.
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
Texas is one of only 7 states not to have a state income tax. [22] [23] The state sales tax rate, 6.25%, is above the national medium, with localities adding up to 2% (8.25% total). [24] Texas does have a "back to school" sales tax holiday once a year (generally around the first weekend in August) on clothing and footwear under $100. [25]
This sub-template returns the associated country's CPI for a specific year. It is used by {{Inflation/US}} for calculating the inflation rate between two given years, which in turn is used by {{}} to calculate inflated values.
The increases in monthly payments in these cities, ranging from 7.5% to as much as 10.6% higher in 2024 than in 2023, is more than double the inflation rate of 3% over that same period.
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