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Inflation remains high in Houston

Data: ; Chart: Simran Parwani/AxiosInflation in Houston continues to be higher than the national average — and has been so for the past five months. By the numbers: The Consumer Price Index, a measure of what consumers pay for goods and services, climbed 9.5% over the past year in Houston.Meanwhile, the U.S. CPI rose 8.3%, according to Bureau of Labor Statistics . Details: Food, energy and recreation prices have risen faster in Houston than across the country. On the other hand, gas prices have . The national average is $3.70 a gallon, while the Houston average is $3.08 per gallon, per . Data: U.S. Bureau of Labor Statistics; Chart: Tory Lysik/Axios What they're saying: Houston's higher inflation suggests that demand is stronger and supply chain issues and labor shortages may be worse here than other cities, according to Patrick Jankowski, SVP of research at the Greater Houston Partnership."Things are tight in Houston," he said. Between the lines: Americans — and voters — are living in a variety of economic microclimates, with disparities driven by differences in energy, food and housing costs, .There's no way to sugarcoat the overall number, and it's diminished hope for Fed Chair Jay Powell to achieve a so-called "soft-landing" for the economy, President Biden has largely blamed the war in Ukraine and snarled supply chains for rising prices, but has been quick to take credit for falling gas prices. Get more local stories in your inbox with .Subscribe Support local journalism by becoming a member.

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