Inflation in the Bay Area barely budged in June, in a sign consumer prices are rising at a sedate pace, partly because gasoline prices have plunged in the region, a new government report shows.
Bay Area consumer prices rose just 1.5% in June as measured over a one-year period, the U.S. Bureau of Labor Statistics reported.
Nationwide, consumer prices rose at a modest 2.7% in June, the federal labor agency reported.
Here is how consumer prices changed for some key components of the overall inflation index in the Bay Area, according to the new report.
The numbers all reflect annual changes in prices:
— Food, up 2.8% over a one-year period
— Food consumed at home, up 3.5%
— Food away from home, up 2.2%
— Meat, poultry, fish, and eggs, up 6.4%
— Fruit and vegetables, up 3.6%
— Dairy products, up 1.4%
— Cereal and bakery products, up 0.1%
— New and used vehicle prices, up 1%
— Gasoline prices (regular unleaded), down 3.7%
— Apparel costs, down 14.5%
Gasoline prices have now declined in the Bay Area for four consecutive months. Gas prices have also declined for 11 of the past 12 months, as measured by the price change over a one-year period.
The overall inflation rate in the Bay Area has remained subdued in recent months.
The report for April showed a yearly increase of 1.3% for Bay Area consumer prices, the federal agency reported.
Related Posts:
- US inflation unchanged last month, though core prices accelerated News By CHRISTOPHER RUGABER, Associated Press Economics Writer WASHINGTON (AP) — U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled. Consumer prices rose 2.7% in…
- US inflation unchanged last month, though core prices accelerated News By CHRISTOPHER RUGABER, Associated Press Economics Writer WASHINGTON (AP) — U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled. Consumer prices rose 2.7% in…
- US consumers face possibility of higher beef prices in 2026 News By Gerson Freitas Jr., Bloomberg News American beef lovers may face even leaner plates and higher prices next year as US production shrinks to a decade low and tariffs limit imports, according to a US government projection. Related Articles US applications for jobless benefits fell last week and remain in…
- US producer prices surge in July as Trump tariffs push costs higher News By PAUL WISEMAN, Associated Press Economics Writer WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices may be headed toward consumers. The Labor Department reported Thursday that its producer price index —…
- U.S. producer prices surge in July as Trump tariffs push costs higher News By PAUL WISEMAN, Associated Press WASHINGTON — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which…
(Visited 2 times, 1 visits today)