Skip to main content

Representative David Schweikert - Vice Chairman

How Much Is Inflation Costing You?

How Much Is Inflation Costing You?

Related Image

WASHINGTON—Today, Ranking Member Sen. Mike Lee (R-UT) released a new Joint Economic Committee report modeling how much inflation is costing you depending on where you live.

The report shows that inflation is costing Americans most in Utah and the Mountain West, with the average household facing a staggering 9% regional inflation and increased costs of $511 more per month in January 2022 compared to prices one year ago.

Americans in the Middle Atlantic region are experiencing the lowest surge in prices nationwide, with households facing 6.1% regional inflation and increased costs of $350 more per month. Regardless of where you live, life was more expensive in 2021.

Click the interactive map below to see how inflation is impacting you:

 

Read the full findings HERE.

The Joint Economic Committee is Congress’s bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.

###

Latest News