Consumer prices in the Bay Area finally started showing some signs of cooling off, although the annual increases in living costs in the region remain far higher than is typical — or desirable — a new government report shows.
The Bay Area inflation rate in December was 4.9% on an annual basis as measured over the one-year period that ended last month, the U.S. Bureau of Labor Statistics reported.
Over the most recent two months, however, consumer prices fell by 0.3%, offering some hope that inflation has peaked in the Bay Area.
The 4.9% increase in consumer prices remains far above the typical annual increase of about 2% to 3%