Consumer prices in the Bay Area jumped at their highest rate in more than 20 years, a forbidding increase fueled by a surge in a wide range of costs, the government reported Thursday.
Bay Area consumer prices are skyrocketing at their fastest pace in more than 20 years, a grim new report revealed Thursday, slamming shoppers at the grocery store and drivers at the gas pump.
Nationwide, the inflation rate was an eye-popping 7.9%, the biggest rise for consumer prices since 1982. “Every time you check out at the grocery store you notice it. Everything is more expensive,” said Jonathan Ortiz, a San Jose resident. “Meat, food, it’s all costing more.” Ominously, the inflation report didn’t capture the spike in gasoline prices that has erupted in the wake of Russia’s invasion of Ukraine, because the government’s survey of consumer costs occurred last month.
A national Bloomberg survey “shows that the foot traffic at retail stores has already dropped 5.6% from a year ago,” Sohn said.Bay Area food prices zoomed higher by 9%, led by a mammoth increase of 10.7% for meat, poultry, fish and eggs, and a jump of 13.7% for cereal and bakery products. Sim Sangha, a Fremont resident, said she recently bought an electric vehicle, which will ward off the jump in gasoline prices. Sangha conceded, however, that there’s no escaping the cost of groceries.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Inflation: Bay Area Consumer Prices Rising At Fastest Rate Since 2001Around the Bay Area, prices are rising faster than they have in a generation, data released Thursday from the U.S. Bureau of Labor Statistics shows.
Baca lebih lajut »
Bay Area Sees Impacts of Russian Oil Import BanYou may want to keep those masks close by because one of the few ways to avoid paying the price at the pump is to switch to public transit.
Baca lebih lajut »
St. Patrick’s Day 2022: Bay Area pubs, restaurants serving corned beef, other Irish farePlus: Brew crawl, block parties, baked goods, meal deliveries and more
Baca lebih lajut »
Bay Area Residents Brace for Effects of President Biden's Ban on Russian Oil ImportsIndustry analysts warn that President Biden's ban on the import of Russian oil and gas will almost certainly drive record-breaking gas prices even higher.
Baca lebih lajut »
Record High Gas Prices Hit Bay Area Rideshare Drivers Especially HardAs gas prices soar to unprecedented highs, rideshare drivers are getting hit especially hard.
Baca lebih lajut »
As Ukraine military supply dwindles, Bay Area lawyer raises money for night gogglesAs Ukraine turns to Amazon for critical supplies, a Bay Area lawyer from Ukraine is trying to help. Her focus is on night goggles because 'Russia carries out its Special Operations at night.'
Baca lebih lajut »