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San Diego’s inflation rate highest in nation

The inflation rate for the San Diego metropolitan area was higher than the national average, and most cities, in the first six months of the year, federal statistics released Tuesday show.

From January to June, San Diego metro’s inflation was 2.8 percent in the six month period, higher than the nationwide average of 1.7 percent, said the U.S. Bureau of Labor Statistics’ Consumer Price Index. San Diego had the third-highest inflation rate of the 22 metro areas studied by the bureau.

San Francisco metro had the highest rate at 3.7 percent, followed by 3 percent in the Los Angeles metro area. Detroit and St. Louis had the lowest inflation rates at 0.8 percent in both metros.

Higher inflation rates can be rough for consumers who must pay more for items, because wage increases don’t always correlate. In San Diego metro, the rate was lifted by rising housing costs and motor fuel prices.

read more at: https://www.sandiegouniontribune.com/business/economy/story/2019-08-13/san-diegos-inflation-rate-among-highest-in-nation

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