Bay Area consumer prices cooled off in a big way during April, offering some hope that the region’s brutally high inflation rate has begun to ease.
The Bay Area inflation rate in April, measured over a one-year period, was the smallest annual gain in more than a year, this news organization’s review of the federal agency’s statistics shows.Bay Area consumer prices also appear to be easing on a short-term basis.
Over the last two months, consumer prices rose by 0.4%. In February compared with December, the two-month change worked out to an increase of 1.8%.
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