News

Prices of goods rises faster than wages in Bay Area

 

Living expenses outpaced wages over the 12 months ending in June in the San Jose-San Francisco-Oakland metropolitan area, federal officials announced last week.

Wages grew by 3 percent while living expenses jumped 3.2 percent, according to the U.S. Department of Labor.

Consumer prices were up an average of 1.6 percent nationwide and 2.7 percent in the West, defined as California, Oregon, Washington, Idaho, Nevada, Arizona, New Mexico, Colorado, Utah, Montana, Wyoming, Alaska and Hawaii by the Bureau of Labor Statistics.

The 3.2 percent jump in consumer prices in the Bay Area were second highest in California trailing only the Los Angeles-Long Beach-Anaheim area where prices were up 3.3 percent.

The cost for tuition, school fees and childcare in the Bay Area was up 10.3 percent between June 2018 and June 2019, outpacing the cost of all other goods.

Food prices rose by 5.1 percent, housing expenses were up by 2.8 percent, medical care costs increased by 5.4 percent and clothing prices jumped 7.5 percent in the same period.

— Bay City News Service

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Comments

4 people like this
Posted by What can u expect
a resident of Another Mountain View Neighborhood
on Aug 13, 2019 at 3:53 pm

What can u expect when it costs more money make something or ship something? Could this be a consequences of hourly wages going up and gas taxes and a host of other taxes? Is this the reason items may cost more or come in smaller packages or both?


9 people like this
Posted by trade wars are expensive to consumers
a resident of Rex Manor
on Aug 13, 2019 at 10:37 pm

Trade wars also drive prices up on a number of items.


1 person likes this
Posted by Complete nonsense
a resident of Bailey Park
on Aug 14, 2019 at 1:51 pm

The comparison is complete nonsense. Not everyone buys the market basket, and the average wage does not sample the same people over time.


4 people like this
Posted by "The comparison is complete nonsense."
a resident of Stierlin Estates
on Aug 14, 2019 at 2:00 pm

> The comparison is complete nonsense.

Ah, the "numbers lie" crowd showed up. Yay.

But this sentence is a real winner:

> Not everyone buys the market basket

So comparing a consistent 'basket' is invalid?

> the average wage does not sample the same people

Whoops - can't measure the same basket, but measuring a different group of workers is also invalid? Thank you - an absolutely stunning example in just one sentence.


Like this comment
Posted by Complete nonsense
a resident of Bailey Park
on Aug 14, 2019 at 3:04 pm

More nonsensical responses to a nonsensical comparison. Numbers don’t lie, they just aren’t useful. It’s like saying 2 plus 2 is true. So what. The inference made in the report is complete nonsense.


2 people like this
Posted by "The comparison is complete nonsense."
a resident of Stierlin Estates
on Aug 14, 2019 at 3:27 pm

If you can't defend your statement, saying it again won't make it true.

Add in that the statement, in one sentence, decries both 'like' and 'unlike' comparisons.


Like this comment
Posted by Complete nonsense
a resident of Bailey Park
on Aug 16, 2019 at 6:20 am

My original response make sense, it’s your response that doesnt make sense


Like this comment
Posted by Childern
a resident of Another Mountain View Neighborhood
on Aug 16, 2019 at 6:36 am

Nuh-uh, you are.


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