Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
KPBS Midday Edition

Inflation rate in San Diego is one of highest in nation

A man selects a grade of gasoline as he fills up his car at a gas station, June 4, 2014.
Associated Press
A man selects a grade of gasoline as he fills up his car at a gas station, June 4, 2014.

San Diego has one of the highest inflation rates in the nation, according to data recently released by the U.S. Bureau of Labor Statistics’ Consumer Price Index for the month of September.

The inflation rate for San Diego County was the second-highest in the nation at 6.5% compared to the national average of 5.4%.

The report indicated that gas prices in particular are up in the western region, with prices at the pump up by nearly 40%.

The increased inflation rate is indicative of the heavy economic toll of the now years-long pandemic.

As the holiday season approaches, inflation-induced higher prices and a greatly stressed supply chain are highlighting what experts have called a “greatly overstimulated economy.”

Phillip Molnar, the senior business reporter for The San Diego Union-Tribune, joined Midday Edition on Thursday with more on the consumer impact of rising inflation.