Question

In: Finance

what is the inflation rate for san francisco, Ca?

what is the inflation rate for san francisco, Ca?

Solutions

Expert Solution

3.34% per year

According to the U.S. Bureau of Labor Statistics, prices in San Francisco, California were 3,151.06% higher in 2020 versus 1914 (a $630.21 difference in value). Between 1914 and 2020: San Francisco experienced an average inflation rate of 3.34% per year.

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Consumer Price Index, San Francisco Area — August 2020

Area prices were unchanged over the past two months, up 1.6 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged for the two months ending in August 2020.

Over the last 12 months, the CPI-U advanced 1.6 percent.


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