The inflation rate in the Bay Area has begun to heat up again, fueled by fast-rising prices.
The inflation rate in the Bay Area has begun to heat up again, fueled by fast-rising prices that scorched the pocketbooks of consumers during October, a forbidding new report released on Thursday shows.
Consumer prices rocketed 6% higher during October compared to the same month the year before, the Bureau of Labor Statistics reported. After the inflation rate eased a bit and fell by 0.5% from June to August, the rate jumped 1% from August to October, the federal government’s report showed.
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