SoCal Cities Lead the U.S. in Inflation — and Housing Costs Are a Major Reason Why
Nationally, consumer prices are barely moving, with inflation clocking in at just 1.8% for May. But if you live in a major urban area of California, you’ve noticed a much bigger hit.
Among the chief culprits? Housing costs.
The U.S. Bureau of Labor Statistics reported Wednesday that a handful of California metropolitan areas saw the greatest jump in the consumer price index in May. San Diego County saw the largest increase, with inflation rising 3.8% from a year earlier. That was followed by Los Angeles and Orange counties, where consumer prices rose 3.1%.
In the Inland Empire counties of Riverside and San Bernardino, the inflation index climbed 2.9%. The San Francisco Bay Area, where the latest data is from April, saw inflation jump 4%.
Read the full story on LATimes.com.