WEB CPI Inflation Calculator and Impact on California Cities
Understanding the Consumer Price Index
The Consumer Price Index, commonly known as CPI, is a measure of price changes in goods and services. It helps quantify inflation - an increase in overall prices - which directly affects the economy and purchasing power.
The Consumer Price Index calculator lets you compare current prices to past prices. This calculator can help you make more informed decisions about your spending and savings.
WEB Recent Inflation Trends
Inflation in the United States is at its highest in decades, hitting a 40-year high in recent months. Southern California, in particular, has seen significant price increases, especially in housing and shelter costs.
Despite a slight decline in inflation rates from their peak two years ago, many goods and services remain expensive, impacting consumer spending and economic growth.
California Cities Most Affected by Inflation
Residents of Los Angeles and San Francisco, California, are among those most affected by rising inflation. The consumer price index for the Los Angeles area rose 0.2% in December 2023 compared to the previous month, and 3.5% year-over-year. This indicates a significant increase in the cost of living for residents in these cities.
San Francisco has also seen a surge in inflation, with the consumer price index rising 0.5% in December 2023 compared to the previous month and 3.7% year-over-year. This increase is primarily driven by increases in housing costs, transportation, and food prices.
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