Bay Area consumer prices rose 3.8 percent in past year

The December 2007 Consumer Price Index for the San Francisco-Oakland-San Jose area increased 3.8 percent over the past 12 months, according to data released Wednesday by the Bureau of Labor Statistics of the U.S. Department of Labor.

This marks a 0.2 percent increase since October 2007, when the bureau reported a 3.3 percent annual increase.

Higher gasoline prices contributed significantly to the overall increase in the past two months, according to a statement by Regional Commissioner Richard J. Holden. Transportation prices in the Bay Area rose 3.4 percent in the past two months and 7.7 percent over the past 12 months. Gasoline prices alone rose 8.6 percent since October and 31.6 percent since last year. Over the past two years they have risen 51.2 percent.

Housing prices, however, declined slightly from October to December, by 0.8 percent. It increased by 2.3 percent over the past 12 months.

Prices for food and beverages rose 0.9 percent from October to December and 5.4 percent over the past 12 months.

Medical care prices were unchanged from October to December, but rose 7.4 percent over the past year and 17.9 percent over the past two years.

Apparel prices decreased 4.7 percent over the past two months and 5.7 percent over the past year.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Legislation by Supervisor Rafael Mandelman would require The City to add enough new safe camping sites, such as this one at 180 Jones St. in the Tenderloin, to accomodate everyone living on the street. (Kevin N. Hume/S.F. Examiner)
City would create sites for hundreds of tents under new homeless shelter proposal

Advocates say funding better spent on permanent housing

A construction worker rides on top of materials being transported out of the Twin Peaks Tunnel as work continues at West Portal Station on Thursday, August 16, 2018. (Kevin N. Hume/S.F. Examiner)
SFMTA’s poor track record on capital projects risks losing ‘public trust’

Supervisors say cost overruns and delays could jeapordize future ballot revenue measures

Roger Marenco, president of operators union TWU Local 250-A, speaks at a news conference outside the Muni Kirkland Yard announcing Muni will not be increasing fares on Wednesday, June 10, 2020. (Kevin N. Hume/S.F. Examiner)
SFMTA’s union leader encourages riders to say ‘thank you’ to their Muni operators

A conversation with Roger Marenco, president of Transport Workers Union of America, Local 250A

San Francisco’s live music clubs have been closed for more than a year. (Twitter screenshot)
S.F. venue recovery fund begins accepting grant applications

Entertainment presenters may apply from April 21-May 5

Most Read