Seattle Waterfront and The Puget Sound
Inflation numbers in Seattle continue to be among the highest in the country, but there’s growing room for hope.
The price of Gas & Groceries are often touch-tones for state of inflation “Gas stations, there should be enough of a decrease for people to start noticing” noticing lower prices say analyst Jill Gonzalez at WalletHub.
The Consumer Price Index in Seattle jumped by almost 1.5% in March, but that’s a slower climb we’ve seen in recent months “I think we’re going to a light cooling and then a major cool-off as the year closes” Gonzalez says “And a lot of that has to do with the fed continuing to raise (interest) rates, it has to do with maybe unemployment creeping back up a little bit which typically means inflation should die down.”
At 8% Seattle is among the top 5 cities hardest hit by inflation, but Gonzalez says other major cities are showing huge signs of progress “The cities that have really slowed down in terms of their inflation numbers are Boston, Minneapolis, LA and New York.”
Trouble is, Supply Chain Delays & the War in Ukraine are still volatile pieces of this economic puzzle. Here’s a link to the WalletHub report https://wallethub.com/edu/cities-inflation/107537
