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Forget the mythical bird—this phoenix is rising in your bank account: A new study reveals that the iconic Southwest city now has the fastest-growing grocery prices in the nation, soaring 11% in the last year alone, meaning your weekly shopping trip is costing you an extra $25 on average, and experts warn this "phoenix effect" could spread to other hot real estate markets soon.
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Forget the mythical bird—this phoenix is rising in your bank account: A new study reveals that the iconic Southwest city now has the fastest-growing grocery prices in the nation, soaring 11% in the last year alone, meaning your weekly shopping trip is costing you an extra $25 on average, and experts warn this "phoenix effect" could spread to other hot real estate markets soon.