Posted on 10/14/2023 7:50:15 AM PDT by CFW
The metro Atlanta area has some of the highest inflation rates of any city in the country.
WalletHub, a personal finance website, compared 23 major Metropolitan Statistical Areas using two key Consumer Price Index-related metrics.
According to a new analysis, the Atlanta area ranked fifth among the metropolitan areas with the biggest inflation problems. While the Miami area topped the list, Atlanta has consistently ranked among the cities with the highest inflation, previous WalletHub reviews reveal.
"The Atlanta-Sandy Springs-Roswell MSA has registered a 1.10% spike in inflation in the last couple of months, as well as an almost 5% increase compared to last year," WalletHub analyst Cassie Happe told The Center Square via email. "The Atlanta metro area is experiencing fast economic growth, which comes with increased demand for goods, services, housing, and infrastructure.
"This growth can easily drive up prices if the supply doesn't keep up," Happe added. "One of the most important things policymakers can do to help residents keep up with inflation is to support minimum wage increases for local companies or to incentivize businesses to raise wages."
(Excerpt) Read more at thecentersquare.com ...
Atlanta’s inflation is the same as that of the rest of the country. Prices are rising faster there but price rise is a result of inflation. It is not itself inflation. Atlanta does not create money thus inflation cannot be special to Atlanta. Inflation is and only is the increase in the stock of money. Prices rise unevenly and some might even drop as people spend more on necessities and forgo frills. Some places will experience faster rises and other laces slower.
Inflation is not decreasing. For instance. I filled up outside the metro atlanta area yesterday at 2.76 a gallon. In the Atlanta metro its around 3ish dollars. Dont get me started on all the other prices of goods and necessities.
What is interesting is that has prices are relatively low, Governor got rid of gas tax. But with the SOR at what a 17 day supply, you’d think the prices would be rising.
Exactly right. “Inflation” is the monetary phenomena in the nation. You always have local price disparities based on supply and demand in local markets. But that is NOT inflation.
Of course, in the end, prices are higher, so who cares what you call it.
The best name for this stinking disaster that I’ve heard is “Bidenomics.” He is a freaking idiot for attaching his name to this middle class economic disaster. Smart Republicans (can you find one?) are going to saddle him with it the next year. Trump won’t hold back on this.
For those oldsters among us, it’s a Take 2 of “Are you better off than you were four years ago?”
It shouldn't be this close. But it will be only because Trump is running against him. I guess we'll see what happens.
Run by Democrats.
I swore it was crime!
“Mammy:Savannah would be better for ya. You just get in trouble in Atlanta”.
Because the higher wages have no impact on prices. Give me a break.
Kemp pausing the gas tax is welcome. Haven’t seen anything as low as 2.76 a gallon here though
“ But that is NOT inflation.”
Correct. I believe the correct term is currency debasement. Which was originally associated with coinage but can be applied to fiat currency if you over print. This is what happened in Germany after WWI.
The level of care people tend to exercise in the management of their money usually is a reflection of how hard they had to work to get it.
If you’re on welfare and food stamps, all the money the government gives you is discretionary income. Which is why slums and ghettos are full of $300 Air Jordans and $500 hair weaves.
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