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Bay Area inflation eases a tiny bit — yet prices remain stubbornly high

Bay Area inflation eases a tiny bit — yet prices remain stubbornly high

2 years ago
Anonymous $CIOZ56dzxX

https://www.siliconvalley.com/2022/09/13/bay-area-inflation-ease-consumer-price-high-economy-gasoline-food-home/

Consumer prices in the Bay Area eased slightly during August compared to the super-heated pace of earlier in 2022 — but the region’s brutal inflation rate nevertheless jumped by 5.7% on a yearly basis, the government reported Tuesday.

One small bright spot in the forbidding report: The 5.7% annual increase in August was slightly less than the 6.8% yearly increase in consumer prices that the Bay Area endured in June, according to the report from the U.S. Bureau of Labor Statistics.