Consumers across the country are facing rising gas, food and housing prices, according to a new report, but costs are not rising as fast as those in San Francisco and the East Bay. WalletHub.
The outlet tracked the Consumer Price Index, a measure of inflation, in 23 large metro areas, and found San Francisco-Oakland-Hayward in second place in inflation growth over the previous year. The data did not include San Jose.
Inflation in San Francisco rose 6.8 percent compared to the previous year ended June. This same increase was experienced in Honolulu, but about half that increase in Anchorage, where inflation grew the fastest in the country, at 12.4 percent.
The biggest factor behind the increase in San Francisco was energy prices, which rose 36.4 percent year-over-year, primarily due to rising gas prices. Food prices in the city also increased by 10.8 per cent overall. Indeed, according to reports, the price of a super burrito at some SF taquerias jumped $1 over the summer.
There may be some indication that the price is peaking, however, as seen in Gas under $5 per gallon in the Bay Area.
According to the study, here are the US regions where inflation is rising the most and least:
Highest inflation growth in last one year
1. Anchorage, AK
2. Phoenix, AZ
4. Tampa, FL
T-5. Miami, FL
T-5. Baltimore, MD
Lowest inflation growth in last one year
19. San Diego, CA
20. Boston, MA
T-21. san francisco, ca
T-21. Honolulu, HI
23. New York, NY