Housing | These pressures have sharply boosted the local prices of things such as gasoline (up 39.5% in 12 months, according to the local CPI), used vehicles (up 25%), and big-ticket home furnishings (up 8.4%). I have to do that. Prices for gasoline advanced 3.6 percent for the same period. Energy prices declined 7.6 percent over the year, largely due to lower prices for gasoline (-15.2 percent). The current inflation rate in the US is 4.98%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in March 2023. New car prices, which jumped during the pandemic because of a shortage of computer chips, were unchanged month to month but were up 12.2 percent over a year ago. Right now, every signal were seeing is positive, CEO Chip Bergh told analysts. Due to a combination of higher inflation rates and higher average household spending, inflation is imposing the greatest monthly costs on families in the states of Colorado ($1,031), Utah ($1,000), and Arizona ($916). The steady rise in prices left many Americans less able to afford food, gas, rent, child care and other necessities. If you need assistance in computing CPI changes from one period to the next, please contact us via the following: Additional Consumer Price Index information is available from: The Associated Press and Patch Editor Paige Austin contributed to this report. Coupled with the 3.8% Bay Area inflation rate reported in April of this year, the current inflation levels are the highest since late 2018 when inflation was 4.5% in the region, according to the federal agencys assessment of the latest consumer price trends in this region. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Top Picks, One Screen, Multi-Screen, and Maps, Industry Finder from the Quarterly Census of Employment and Wages, https://www.bls.gov/bls/errata/data-series-affected-by-consumer-price-index-data-suppression-for-utilities-and-related-series-in-2022.htm. Last month, household furniture and supplies rose 1.6 percent over December, the largest one-month increase on record since 1967. Nonalcoholic beverages and beverage materials(1), Owners' equiv. [94.'pi?VG. Historical highs and lows show the most recent month that a rate was recorded in the event of multiple occurrences. By CPI math, here are Octobers inflation rates for key LA-OC spending categories . Housing | CA Inflation: 40-Year-High Spike Costs Californians Thousands Yet the local cost-of-living jump is slower than the nations 5.3% pace for August. Consumer Price Index Table - All Areas (2022-2023) Shows CPI data from 2022 to Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Thornberg warned that the Bay Areas and nations elevated consumer prices could persist for a few years. In addition, local indexes are not adjusted for seasonal influences. 2 Teens Stabbed At LA High School, Prompting Olympic Boulevard Closure, LA's First Republic Branches Become Chase Bank Overnight, Paramedics Treat LA Middle Schoolers With 'Altered Consciousness', Cinco De Mayo Celebration 2023: Godfrey Hotel i|O Rooftop, Hollywood, Catalina Museum Cinco de Mayo Celebration 2023: Avalon, Skirball Center 'Peter Krasnow: Breathing Joy & Light' Exhibit 2023: Los Angeles, 'Derby Day LA' Kentucky Derby Viewing Party 2023: Godfrey Hotel i|O Rooftop, Hollywood, One Liner Madness: A March Madness Style Joke Tournament to Benefit an Animal Rescue, Pilot Killed In Beverly Crest Plane Crash Identified, Netflix's 'Monster' To Focus On Menendez Brothers' Murder Case, CA Scandal-Makers & Movie-Makers Shape 2022's Most Popular Baby Names, Michelin Adds 30 SoCal Restaurants To Prestigious Guide, Only In California: Car Chases Even Hollywood Couldn't Dream Up.
