These American Cities Have Been Hit the Hardest by Inflation

These American Cities Have Been Hit the Hardest by Inflation

As the central bank of the United States, Federal Reserve is charged with maintaining price stability for American consumers. The Fed targets a 2% annual inflation rate, meaning a dollar will lose 2% of its buying power, on average, year over year, if that goal is achieved. Since 2020, however, inflation has soared to highs not seen in decades. 24/7 Wall St. Key Points: Inflation, as measured by the consumer price index, hit historic highs in r…