NOTE: The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services.
Have you been feeling like the prices in the Bay Area have increased a lot over the last year? Well, you weren’t just imagining things!
The Bureau of Labor and Statistics reported in April 2017 that the prices in the San Francisco area (see below for description of what this area includes) increased 1.1 percent for the two months ending in April 2017.
Assistant Commissioner for Regional Operations Richard Holden said that the reason for the April increase was influenced by higher prices for shelter.
But the news gets worse.
Over the last 12 months, the CPI-U increased 3.8 percent.
And it was reported that energy prices jumped 10.8 percent, largely due to an increase in the price of gasoline.
Facts about Natural Gas and Electricity Costs
Some other interesting facts that the report revealed are:
- For the two months ending in Aprils, prices for natural gas service jumped 15.4 percent
- And prices for electricity rose 8.0 percent for the same period.
What Do You Think?
Have you noticed the price increases in any of these particular areas? (Housing, gasoline, natural gas, or electricity)
If so post your comments below!
“San Francisco Area” Description Explained
The San Francisco-Oakland-San Jose, CA. metropolitan area covered in this information. This area is comprised of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Sonoma, and Solano Counties in the State of California.
See Full Report
If you’d like to see the full report about the San Francisco Bay Area from Bureau of Labor and Statistics, then click here to read it.