Prices in Colorado fell by 0.17% between July and September, down from a 1.72% increase over the two months prior. Because of this, Colorado’s 12-month inflation rate dropped from 8.2% to 7.7% over the last two months.
Inflation in the Denver metropolitan area continues to run hot, particularly for housing. Overall price levels increased 2% between January and March and 9.1% over the last 12 months. The BLS reports housing inflation of 7.9%, but home prices (not a component of CPI) have increased 20.8% YoY through January 2021.