Metro Denver’s inflation rate is coming down, but not as quickly as it is in other major cities or in the country as a whole, with stubborn housing and energy costs largely to blame
, according to a bimonthly update Thursday from the U.S. Bureau of Labor Statistics.for Denver-Aurora-Lakewood was running at an annual rate of 4.7% through the end of July. That was down from a 5.1% annual rate in May, a 5.7% rate in March and a 6.4% pace in January.
After Miami at 6.9% and Tampa-St. Petersburg, Fla., at a 5.7% rate, metro Denver and Detroit have the highest rate of consumer inflation this summer, at 4.7%.represent 44% of the basket of goods used to measure the CPI in metro Denver, a heavier weighting than in the country as a whole. After what seemed like a respite earlier in the year, housing costs are rising again because of an ongoing imbalance between supply and demand and a jump in interest rates.
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