The Bay Area inflation rate hopped higher in December at its swiftest annual pace in more than a year, an increase that was influenced by fast-rising food costs, although gasoline prices continued to plunge.
The consumer price index in the Bay Area rose 3% in December, the U.S. Bureau of Labor Statistics stated in its most recent report on the region’s inflation rate.
That 3% figure represented the largest yearly increase in the regional inflation rate since June of 2024, when prices rose at an annual pace of 3.2%…