{"id":1508,"date":"2026-06-11T16:37:00","date_gmt":"2026-06-11T16:37:00","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=1508"},"modified":"2026-06-11T16:37:00","modified_gmt":"2026-06-11T16:37:00","slug":"metro-denver-inflation-hits-5-in-may-the-highest-level-since-2023","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=1508","title":{"rendered":"Metro Denver inflation hits 5% in May, the highest level since 2023"},"content":{"rendered":"
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A surge in gasoline and other energy costs because of the conflict with Iran has caused inflation to flare up in metro Denver, according to the latest update from the U.S. Bureau of Labor Statistics.<\/p>\n

Read more 10 years in, Denver Central Market undergoes changes as longtime vendors leave<\/a><\/p>\n

The Consumer Price Index for Denver-Aurora-Lakewood rose 5% between May of this year and May 2025, driven primarily by a 25.3% surge in energy costs, including a 41.8% increase in gasoline prices.<\/p>\n

\u201cI think the consumer is increasingly vulnerable and inflation never helps. I fully expect that each successive model run we do will show the economy weakening \u2013 unless conditions change rather significantly,\u201d said Phyllis Resnick, lead economist with the Colorado Futures Center at Colorado State University, in an email.<\/p>\n

Resnick oversees the ColoradoCast, a six-month forecast that is calling for slower growth in the state during the remainder of the year.<\/p>\n

Higher energy costs alone accounted for about 60% of the increase in inflation that local consumers faced, according to the BLS report.<\/p>\n

Food costs are up 1.8% over the past year in Denver, with fruits and vegetables up 4%. Nationally, tomatoes cost 32% more, while lettuce is up 25%, both surpassing a 17.5% gain in coffee.<\/p>\n

Diesel prices, which have surged as much as 60% in some markets, are combining with higher tariffs and supply shortages to drive up the cost of produce on grocery store shelves.<\/p>\n

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Trump has a new, surprising take on the higher cost of living: \u2018I love the inflation\u2019<\/p>\n

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