Inflation Ravages Cities with High Black Populations

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FILE - Signs for apartment rentals are displayed in Glenview, Ill., on Jan. 29, 2024. Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday. (AP Photo/Nam Y. Huh)
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(AURN News) – New analysis from financial firm WalletHub reveals that some of the metropolitan areas with the highest Black and minority populations are also being hit the hardest by stubborn inflation. The data paints a bleak picture, with several major cities home to large Black communities ranking among the areas with the most severe price increases.

Atlanta, Baltimore, Washington D.C., Detroit, Miami, Houston, and New York City all appear on WalletHub’s list of U.S. cities suffering the most from the effects of runaway inflation. Baltimore in particular stands out, with the highest Consumer Price Index change compared to just two months prior. Meanwhile, Dallas, Texas saw the biggest CPI jump over the last year.

The stark economic realities facing American families, particularly in the Black community have become a central issue in the lead-up to the 2024 presidential election. Across the country, more and more households are finding it increasingly difficult to make ends meet amidst the ongoing challenges of the current economy.


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