Consumer prices in the Bay Area rose at a much slower pace in June than in prior periods.
Consumer prices in the Bay Area rose at a much slower pace in June than in prior periods, a sign that the brutally high inflation rate of the last two years has begun to cool off — finally — the government reported Wednesday.
Since then, the successive reports for the inflation rate in the Bay Area showed an overall trend for steadily smaller annual increases in the pace of inflation. Two examples: June’s consumer prices are a whopping 9.9% higher than the same month two years ago and 13.3% above the prices of three years ago.
The cost of food consumed at home rose 4.7% while the cost of food away from home such as at a restaurant hopped 6.6% higher compared with a year ago.
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