Sunday, August 3, 2008

10 Cities Where Cost of Living Is Growing Fast

Forbes magazine looked at inflation in the 40 largest metro areas in the U.S. to see where prices were rising fastest.

The numbers were supplied by the Bureau of Labor Statistics and Moody’s and reflected changes between January and June 2008.

Resetting mortgages, rising food prices and runaway fuel costs are the biggest sources of the pain.

Here are the top 10 cities with the highest annual inflation rates.

  1. Seattle, 5.82 percent

  2. Dallas, 5.82 percent

  3. Washington, D.C., 5.74 percent

  4. Miami, 5.71 percent

  5. Portland, Ore., 5.68 percent

  6. San Jose, Calif., 5.61 percent

  7. Milwaukee, Wisc., 5.61 percent

  8. Tampa, 5.60 percent

  9. Phoenix, 5.44 percent

  10. Los Angeles, 5.41 percent

Source: Forbes, Matt Woolsey (07/18/2008)

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