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KPBS Midday Edition

Inflation explainer: What rising prices mean for San Diego

gas-prices-san-diego.jpg
Roland Lizarondo
A gas pump at a gas station in Rancho Penasquitos, Calif. Nov. 16, 2021.

Food and gas prices have risen drastically in recent months and the inflation rate has reached its highest rate in 30 years.

Alan Gin, professor of economics at the University of San Diego, joined Midday Edition on Tuesday to talk about what the higher inflation rate means for us in San Diego, as well as some of the causes and impacts.

Food prices, particularly proteins, and gas prices have been especially hard hit.

"So, in the category of meat, poultry, fish, and eggs- that's up almost 12% year-over-year," Gin said. "Nationally, gasoline is up almost 50% compared to a year ago, and we just recently, in California here, hit an all-time high in terms of the average price per gallon."

As supply chain worries continue, and the holidays approach, Gin explained how San Diego's geography makes it vulnerable to further disruptions.

"The thing that would be unique about San Diego is that we're kind of a cul-de-sac, so we're at the end of the line as far as the supply chain is concerned. So, if there are disruptions to the supply chain, that could affect us here," he said.