Denver Inflation Climbs To 5% As Fuel Prices Drive Costs Higher

By Bernadette Berdychowski | The Denver Gazette

The Denver-Aurora-Lakewood metro area recorded a 5% rise in prices in the last year, according to federal data released Wednesday for the month of May from the Bureau of Labor Statistics, the highest level seen since 2023.

Denver is trending higher than the national annual average of 4.2%.

Denver’s inflation was the second-highest among 12 metropolitan regions in the nation after Urban Hawaii in May, according to the BLS.

The federal agency tracks inflation across 23 cities. Data from the three biggest cities — New York, Los Angeles and Chicago — are released monthly. Meanwhile, the federal agency releases data from the rest of the cities like Denver every other month.

A surge in prices following the pandemic pushed inflation to 8% across the Denver metro region in 2022. It fell to 5.2% in 2023 and finally fell below 2% in 2024, considered the Federal Reserve’s target rate for a healthy economy.

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