Business & Tech
Inflation: Central Bay Area Prices Up In October Versus 2 Months Ago
Prices in the five counties —including Contra Costa —were up 1 percent over the two-month period, due in large part to higher gas prices.
CENTRAL BAY AREA, CA — Inflation edged higher in the central Bay Area over the two months ending in October, according to the U.S. Bureau of Labor Statistics, which tracks the numbers.
Prices were up 1 percent over the two-month period, due in large part to higher gas prices.
Prices in October were up 6 percent on a year-over-year basis.
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Contributing to the yearly increase were food prices, which were up 10 percent, and energy costs, which were up 25.9 percent. Higher energy costs were driven by higher prices for gasoline.
Prices excluding food and energy, which are volatile, rose 4.1 percent in the 12 months ending in October.
Find out what's happening in Lamorindafor free with the latest updates from Patch.
The central Bay Area consists of Alameda, Contra Costa, San Francisco, San Mateo and Marin counties.
In the Western part of the U.S., prices were up seven-tenths of a percent in October, compared with September and 8.1 percent from October of last year. Excluding food and energy, prices in the West were up 6.4 percent.
Nationwide, prices rose by four-tenths of a percent between September and October and 7.7 percent from a year ago in October.
The data is not seasonally adjusted.
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