Community Corner

Bay Area Consumer Prices Rise Faster Than Prices Nationwide

Consumer prices in the Bay Area rose faster than prices nationwide over the last 12 months, according to the Bureau of Labor Statistics.

BAY AREA, CA — Consumer prices in the Bay Area rose faster than prices nationwide over the last 12 months, according to the Bureau of Labor Statistics.

Bay Area prices were up 3 percent compared with a nationwide increase of 1.8 percent. BLS officials said households in the region spent about $81,000 annually in 2017-18 and 39.4 percent of that went toward the cost of housing.

Bay Area families had 1.7 vehicles on average and spent 11.3 percent of their expenditures on transportation.

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– Bay City News Service