While the inflation rate is no longer at an all-time high, Americans are still feeling the pressure with 1 in 3 U.S. employees unable to meet basic needs and a growing number of employees tightening their benefits budgets as a result of rising costs. But employees aren't the only ones feeling the squeeze; employers are also struggling to keep up with inflation, especially when it comes to health care costs. A new WalletHub study compared 23 major Metropolitan Statistical Areas across two areas of the Consumer Price Index: June versus two months ago and June versus one year ago. While Dallas has the biggest inflation problem overall, the city's neighbor, Houston, is the least affected by inflation. Further, one might assume cities in California would have the largest issue, especially since their cost of living is so high. Surprisingly, only one city in California made it into the top five. Tied with Boston, Riverside, CA ranks fourth in the nation with the biggest inflation problem with a score of 65.69. Take a look at the slideshow above to see the rest of the cities with the biggest or smallest inflation problem. Related: Inflation could take a bite out of benefits spending

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.