Inflation In 2024 For Groceries In Arizona. Inflation in metro phoenix over the past 12 months (2.6%) remained lower than the national average (3.4%). Grocery inflation is hitting some states twice as hard.

These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers. Inflation, measured by the consumer price index (cpi), reflects the annual percentage change in the cost of a standard market basket of goods for an average consumer.