The Common Sense Institute’s “Inflation Misery Index” said that inflation continues to have a stinging impact on Arizonans’ wallets.
According to the report, Arizonans spend $9,996 more each year compared to 2019. When adjusted for the usually expected 2% inflation yearly, it’s still a $6,276 difference. The report adds that 24% of the average Grand Canyon State’s household income was eaten up by inflation, or roughly $25,000.
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