Data: Bureau of Labor Statistics; Table: Thomas Oide/Axios Price hikes affecting Americans nationally have been even worse in battleground states since the beginning of the pandemic, Axios' Sarah Mucha reports. Why it matters: Some of the most sensitive voters politically are the ones feeling price hikes most sharply. During an already volatile midterm year for Democrats, inflation concerns have prompted the party to focus its messaging on lowering costs and cutting taxes. The details: Axios calculated the percentage increase in the Consumer Price Index from February 2020, just before the pandemic, to last month, which provided the latest data available. The difference was then compared to the national average. The CPI's U.S. city average in February 2020 was 257.97; in February 2022, it was 281.15 — a growth of 8.2%. - Inflation in urban areas in Florida, Georgia and Arizona has been significantly higher than that U.S. city average.
- In the Atlanta area, the change was 11.7%. In Florida, the Tampa- and Miami-area differences were 11.8% and 10.2%, respectively. In the urban areas in Arizona, the difference was 10.7%.
- In West Coast cities, including the Nevada battleground of Las Vegas, the difference was 8.4% — just higher than the U.S. national city average.
Thought bubble: The higher rates in these battleground areas stem from the fact they possess characteristics correlating with high inflation, Axios' chief economic correspondent Neil Irwin says. - They earn higher salaries, tend to bid up rents and have sufficient disposable income allowing restaurants and stores to raise prices.
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