Study Finds Minnesota Among States Least Affected By Inflation

Financial website WalletHub recently released a study intended to figure out which areas of the United States are most, and least, affected by inflation.

WalletHub compared 23 of the United States' Metropolitan Statistical Areas across two key metrics relating to the Consumer Price Index.

In order to determine how inflation is impacting people in different cities, WalletHub compared 23 MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation. The metrics are listed below, along with their corresponding weights. We then determined each MSA’s weighted average across the metrics and used the resulting scores to rank-order our sample.

WalletHub:

For each MSA in the sample, we used the latest data available from the Bureau of Labor Statistics. For some MSAs, there is a one-month lag on the data available.

• Consumer Price Index Change (Latest month vs 2 months before): Full Weight (~50.00 Points)
• Consumer Price Index Change (Latest month vs 1 year ago): Full Weight (~50.00 Points)

Honolulu, Hawaii was ranked as the area most impacted by inflation with a 1.5% Consumer Price Index change vs two months ago and a 4.8% increase over the last year.

Of the 23 areas surveyed, Minneapolis/St. Paul/Bloomington, MN was #23. Minnesota's two month change was just 0.6%, the second-lowest on the list beside Atlanta's 0.3%,  and its increase since last year was also the second-lowest surveyed at 2.7% (trailing only Phoenix at 2.6%).

Other areas that fared well on the survey were #20 Houston/The Woodlands/Sugar Land, TX; #21 Denver/Aurora/Lakewood, CO and #22 Atlanta/Sandy Springs/Roswell, GA.