April saw the second-worst jump in the local cost of living in four decades.
”Survey says” looks at various rankings and scorecards judging geographic locations, noting that these grades are best seen as a mix of artful interpretation and data.April’s inflation report included a bit of good news for Los Angeles and Orange counties — the upswing in the cost of living slowed a tiny bit. Still, it was the second-worst jump in the local cost of living in four decades.My trusty spreadsheet looked at surging inflation rates for the L.A.-O.C.
Some of it is “bad stuff,” like the war in Ukraine and a stubborn pandemic playing havoc with business operations and consumer habits. All the good and bad added up to a shortfall of workers, manufacturing headaches and supply-chains challenges that have morphed into a shortage of goods and materials used by consumers and corporations. So, the flush wallets of shoppers and CEOs alike — at least until very recently — have been chasing too few goods and services.
Think back to when coronavirus first iced the business climate. For 2020, the local CPI increased only 1.6% — after rising at what then was thought as a problematic 3.4% annual pace in 2018-19.Let’s start by looking at the high costs associated with goods we buy, along with L.A.-O.C.’s price changes over 12 months that ended in April …Household energy:Eating out got 5.2% pricier. That makes a trip to the supermarket seem like a bargain. Grocery prices rose 9.5%.
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