This city has one of the worst inflation rates in the U.S.—it isn't in New York, California or Florida
How have energy prices affected inflation in Dallas-Fort Worth?
Energy prices have significantly contributed to inflation in Dallas-Fort Worth, with electricity prices rising 17.3% in the 12 months ending in November, more than double the 6.5% increase for the U.S. city average. The cost of natural gas, which sets the price in Texas' deregulated electricity market, has jumped sharply in the past year, and additional price pressure is expected due to the need to recoup costs from last winter's big freeze and the expense of hardening the Texas grid.
What is the inflation rate in Dallas-Fort Worth in 2024?
The inflation rate in Dallas-Fort Worth in 2024 is 5%, making it the second-highest city in terms of inflation rate among 23 major U.S. metro areas. This is higher than the national year-over-year inflation rate of 3% and worse than other cities known for a relatively high cost of living, including New York City and Los Angeles.
How does Dallas-Fort Worth's inflation compare to Honolulu's?
Dallas-Fort Worth's inflation rate is second only to Honolulu among 23 major U.S. metro areas. While the national year-over-year inflation rate has dropped to 3%, it has hovered around 5% in Dallas-Fort Worth in 2024. In contrast, Honolulu has a two-month change of 0.70% and a one-year change of 5.20%. Factors contributing to Dallas-Fort Worth's high inflation rate include a significant housing shortage, restrictive government policies, and increases in energy prices, medical care, and transportation costs.