{"id":8579,"date":"2022-04-13T16:43:45","date_gmt":"2022-04-13T23:43:45","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=8579"},"modified":"2022-04-13T11:43:56","modified_gmt":"2022-04-13T18:43:56","slug":"bay-area-hit-hard-by-inflation","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=8579","title":{"rendered":"Bay Area Hit Hard by Inflation"},"content":{"rendered":"

Written by Sasha Reva<\/p>\n

Due to the huge inflation, Bay Area residents are expecting to pay $4,400 more per year for the same things that they used to buy<\/a>. Besides huge inflation on gas, which now costs $6 or even more in some areas, the White House announced that it is expected to show very high inflation numbers on energy because of Russia’s invasion of Ukraine<\/a>.<\/p>\n

Major goods and services \u2014 such as food, transportation and health care are increasing in price really fast. Prices of goods and services in the San Francisco metro area are up by 5.2% already<\/a>.
\n\u201cAverage consumers will feel the bite of this and either pull back on spending or get into debt at a time when interest rates are rising,\u201d said the president of nonprofit Consumer Watchdog, Jamie Court. \u201cThe average household does not have another $4,400 per year to spend on the essentials of life.\u201d<\/p>\n

\u201cCalifornia was already unaffordable, now it\u2019s become even more so,\u201d he said. \u201cThe Bay Area is the epicenter of the unaffordability crisis given how high housing prices are.\u201d
\nThe average spent money from households in the San Francisco metro area is about $91,700 annually in 2019-2020. The annual increase is 16.5% in the transportation category,<\/a> which means that people will pay $1,830 more than in the previous year. Prices for used cars and trucks rose by almost 40%. Food prices increased 9% higher than in the past year, which means that the annual increase will be more than $1,000.<\/p>\n

\u201cA $15-per-hour worker would have to work nearly two months to make up for inflation at that rate, and that\u2019s before taxes,\u201d Court said. More people will leave California due to those skyrocketing costs.<\/p>\n

\u201cIt will take some time, particularly as we have a pandemic hangover and savings that accumulated during the pandemic to use up,\u201d he spoke. \u201cIt could be a perfect storm for those without much disposable savings,\u201d he added.<\/p>\n

Court added, \u201cpeople need to be conscious of the price of things, more so than ever.\u201d \u201cConsumers need to comparison shop and hold off on discretionary purchases that don\u2019t make sense.\u201d \u201cPeople should consider asking for raises to keep up with the price increases.\u201d<\/p>\n

Photo Cred: Planetware<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Written by Sasha Reva Due to the huge inflation, Bay Area residents are expecting to pay $4,400 more per year for the same things that they used to buy. Besides huge inflation on gas, which now costs $6 or even more in some areas, the White House announced that it is expected to show very…<\/p>\n","protected":false},"author":3,"featured_media":8580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nBay Area Hit Hard by Inflation - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=8579\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bay Area Hit Hard by Inflation - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Written by Sasha Reva Due to the huge inflation, Bay Area residents are expecting to pay $4,400 more per year for the same things that they used to buy. Besides huge inflation on gas, which now costs $6 or even more in some areas, the White House announced that it is expected to show very...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sandiegonewsdesk.com\/?p=8579\" \/>\n<meta property=\"og:site_name\" content=\"San Diego News Desk\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-13T23:43:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-13T18:43:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2022\/04\/SF-inflation-article.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\",\"name\":\"San Diego News Desk\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"width\":1200,\"height\":720,\"caption\":\"San Diego News Desk\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"name\":\"San Diego News Desk\",\"description\":\"Your Source for News in San Diego\",\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sandiegonewsdesk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2022\/04\/SF-inflation-article.png\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2022\/04\/SF-inflation-article.png\",\"width\":1200,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#webpage\",\"url\":\"https:\/\/sandiegonewsdesk.com\/?p=8579\",\"name\":\"Bay Area Hit Hard by Inflation - San Diego News Desk\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#primaryimage\"},\"datePublished\":\"2022-04-13T23:43:45+00:00\",\"dateModified\":\"2022-04-13T18:43:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sandiegonewsdesk.com\/?p=8579\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sandiegonewsdesk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bay Area Hit Hard by Inflation\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#article\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#webpage\"},\"author\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\"},\"headline\":\"Bay Area Hit Hard by Inflation\",\"datePublished\":\"2022-04-13T23:43:45+00:00\",\"dateModified\":\"2022-04-13T18:43:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#webpage\"},\"wordCount\":368,\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=8579#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2022\/04\/SF-inflation-article.png\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\",\"name\":\"San Diego News Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"caption\":\"San Diego News Desk\"},\"url\":\"https:\/\/sandiegonewsdesk.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/8579"}],"collection":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8579"}],"version-history":[{"count":0,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/8579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/media\/8580"}],"wp:attachment":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}