My composite Southern California inflation measurement is up 6.2% in the past year – a significant bite.
But the good news is that local CPI had only a 1.6% increase over the last six months after a 4.5% jump the previous half year. And don’t forget that inflation ran 8% for 2021.
What’s cooling the cost of living’s surge? Ponder these key CPI slices where inflation in the past six months isn’t as painful as the previous half year:It’s hard to sugarcoat the 8.8% jump of the past year, but it’s up only 2.4% in the last six months after a 6.2% surge in the previous half-year. And it rose 7.8% for 2021.The rush to buy for back-to-school and the office ended. Yes, clothing’s up 6.2% in the past year but only 0.8% in the last six months after 5.
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