{"id":2246782,"date":"2024-05-17T11:28:10","date_gmt":"2024-05-17T15:28:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-continues-to-impact-arizona-families-report\/"},"modified":"2024-05-17T11:31:06","modified_gmt":"2024-05-17T15:31:06","slug":"inflation-continues-to-impact-arizona-families-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-continues-to-impact-arizona-families-report\/","title":{"rendered":"Report: Arizona Families Still Affected by Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-continues-to-impact-arizona-families-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2246782&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Common Sense Institute&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-usps-monitoring-americans-social-media-posts\/\" title=\"Report: USPS monitoring Americans\u2019 social media posts\">recent report reveals<\/a> that inflation continues to affect families in the \u2062Phoenix Metropolitan Area. The analysis of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/abbott-says-texas-residents-with-utility-bill-spikes-should-be-protected\/\" title=\"Abbott Says Texas Residents With Utility Bill Spikes Should Be Protected\">price increases<\/a> since 2020 shows a\u2062 significant rise in prices overall. Arizona households are notably\u2064 impacted, prompting ongoing concerns about affordability. Your <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-brings-in-50-5-million-at-campaign-fundraising-event\/\" title=\"Trump raises .5 million at campaign fundraiser\">written summary effectively captures<\/a> the key points \u200dfrom the provided \u200dtext, highlighting the impact of inflation on families in the Phoenix\u2064 Metropolitan Area and the\u200b concern regarding\u2062 affordability for Arizona households. It succinctly conveys the information in\u200d a clear and concise manner.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>(The Center Square) \u2013 Inflation is still impacting families in the Phoenix Metropolitan Area, according to a new Common Sense Institute report.<\/p>\n<p>The free-market think tank\u2019s May inflation update analyzed different price increases from 2020, which determined that prices across the board are still significantly higher.<\/p>\n<p>Most notably, the <strong><a href=\"https:\/\/commonsenseinstituteaz.org\/inflation-in-arizona-may-2024-update\/\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a><\/strong> says that \u201ctypical\u201d Arizona families would have saved an estimated $8,428 annually if inflation remained at a more stable 2% annual rate in \u201cthe past three years.\u201d<\/p>\n<p>\u201cInflation as measured by the Consumer Price Index (CPI) for the Phoenix metro area rose 2.6% year-over-year in April, an increase from 2.2% in February,\u201d the report states. \u201cThis latest reading represents the 38th\u00a0consecutive month of inflation above the standard target of 2.0% annually and represents a break from the trend of decreasing year-over<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bold-fiscal-policy-matters-yellen-says-biden-spending-agenda-is-meant-to-cut-inequality\/\" title=\"\u2018Bold Fiscal Policy Matters\u2019: Yellen Says Biden Spending Agenda Is Meant To Cut \u2018Inequality\u2019\">-year inflation rates<\/a> in the state that extended back to July 2022.\u201d<\/p>\n<p>When broken down, CSI estimates that the average increase in rent since October 2020 has been 30% for a 2-bedroom rental, nearly $24 more for a tank of gas, $20 more for dinner for four people, and a whopping $302 more a month for groceries for a family of four.<\/p>\n<p>The report says that while \u201cshelter inflation\u201d continues to be a problem, CSI thinks that it is \u201cmore widespread\u201d based on the recent data. According to <strong><a href=\"https:\/\/www.apartments.com\/rent-market-trends\/phoenix-az\/\" target=\"_blank\" rel=\"noreferrer noopener\">Apartments.com<\/a><\/strong>, the average rent price in Phoenix is $1,563 for a two-bedroom apartment.<\/p>\n<p>The silver lining for the Phoenix area centers on comparison with other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-revokes-trump-anarchist-jurisdictions-order-restores-financing-to-portland-seattle\/\" title=\"Biden Revokes Trump \u2018Anarchist Jurisdictions\u2019 Order, Restores Financing To Portland, Seattle\">metropolitan areas<\/a>, as the report points out that the federal Bureau of Labor Statistics went from ranking Phoenix as one of the highest inflation hotspots to one of the lowest.<\/p>\n<p>\u201cOf the 23 urban consumer price indices tracked by the BLS in April, the Phoenix metro area had the\u00a0lowest\u00a0rate of measured inflation over the past year (backwards-looking)\u00a0\u2013 a stark difference from 3rd\u00a0highest\u00a0in the month-over-month (real-time) figures, and again highlighting the extreme volatility of local prices since the pandemic,\u201d the report states.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report by the Common Sense Institute highlights ongoing inflation effects on Phoenix Metropolitan Area families. The analysis of price hikes since 2020 shows significant increases across the board, impacting the affordability for &#8220;typical&#8221; Arizona households<\/p>\n","protected":false},"author":1,"featured_media":2246783,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2246782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/iStock-157308559-1024x683.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2246782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2246782"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2246782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2246783"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2246782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2246782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2246782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}