1 hr 10 mins agoSouthern States More Likely To Feel Pinch of InflationA new Merchant Maverick study has shown that residents of Southern states may feel the hit to their wallets even more intensely than elsewhere. Its inaugural report, “The 10 U.S. States Where Inflation Is Hitting Consumers The Hardest,” examined where inflation is rising the fastest, and how much existing factors within a state may contribute to the stress on a household budget. One of the key findings is that inflation is causing prices to rise higher and faster in the South than in the rest of the country, which, combined with generally lower median household incomes, is affecting the region the most. The report noted that one of the reasons is that the South is likely a victim of its own success, with key metropolitan areas such as Atlanta, Austin and Tampa absorbing an influx of new residents, predominantly from the Northeast and West Coast. For a more in-depth breakdown, click here to read the full article.

Source: CNN June 23, 2022 02:54 UTC