Inflation Rising In High-Migration Cities

The Great Migration is driving up inflation in the most popular destinations, a new Redfin report reveals. Looking at the correlation between inflation and migration in the metros, Redfin users are looking to move. Their analysis showed that high migration rates are linked to rising inflation. The tenth most popular destination in Q4 2021, Atlanta, saw inflation rise by 8.9% year-over-year in the same period, the highest inflation rate of all metros in their analysis. “Migration is one reason among many why the cost of everything from food to fuel is rising,” said Redfin Deputy Chief Economist Taylor Marr. “An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up…