Inflation in the Detroit Metro Area Rises 1.3 Percent Since June 2024

Source: Consumer Price Index, U.S. Bureau of Labor Statistics

The 1.3 percent price increase for all items over the year in the Detroit region was primarily driven by increases across major inflation metrics, as groups including apparel (+14.1 percent) and education and communication (+2.8 percent) saw higher prices over the year. Despite greater over-the-year prices, key items within larger expenditure groups have declined since June 2024. For instance, several groups within the broad food and beverages index, including dairy and related products (-4.5 percent) and other food at home (-2.1 percent) recorded price declines over the year. Over the last 12 months, shelter costs declined by 0.5 percent in the Detroit metro area, which was well below the national average over the same period (+3.8 percent). In the past year, motor fuel prices dropped by 9.0 percent, which was comparable to the 8.2 percent decline seen nationally. In the Detroit MSA, motor fuel prices have remained below year-ago levels for the fifth continuous month, mirroring the national trend, where U.S. motor fuel costs have been declining for 13 continuous months.