Migration Hotspots Have the Highest Inflation Rates

Source: Redfin — 

Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make up a big portion of the rising costs in those places.

The most popular destinations for relocating homebuyers have the highest inflation rates in the U.S., partly because they’re attracting so many new residents and experiencing sharp home-price increases. Inflation is persistent nationwide, with the prices of goods and services hitting a four-decade high in June, but specific rates vary depending partly on where you live.