How relocating Americans created new inflation hot spots

Pandemic migration hot spots see the worst inflation — here's why.

Video First, Redfin Corp

5/21/2022 3:44:00 AM

Pandemic migration hot spots see the worst inflation — here's why.

The relationship between migration and inflation has strengthened as more people relocate from expensive cities to more affordable areas, according to Redfin.

Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S."We saw right away that inflation was highest in Phoenix and lowest in San Francisco," Redfin deputy chief economist Taylor Marr told CNBC.

The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by, the real estate broker.Phoenix is one of the inflation hot spots that has seen an influx of new residents.

Read more: CNBC »

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70% Of Americans Say Inflation—Near 40-Year High—Is A Huge Problem, Poll FindsI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at The central planned Medicine worse the Disease

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