Arizona has been experiencing some of the highest inflation rates in the country during 2022, but experts believe next year could hold more promise for lower prices.
In the U.S. prices for essential items such as groceries, food, and gas in the month of November increased by 7.1% compared with November 2021 in the inflation rate for goods and services according to market and consumer data tracker Statista.
According to Statista, inflation costs in the U.S. have been relatively severe in 2022 because of the COVID-19 pandemic, which caused supply chain restrains, labor shortages, and the Russian invasion of Ukraine.
