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Price of Goods Increase 2.6 Percent in Bay Area

How has the increase in costs affected your family?

By Bay City News Service

The price of goods in the San Francisco Bay Area has increased by 2.6 percent this year, according to the U.S. Department of Labor's Bureau of Labor Statistics.

According to the Consumer Price Index for the Bay Area, food prices in the region rose 2.8 percent and prices for gasoline rose 2.2 percent over the last year.

Bay Area prices for all items, not including food and energy, rose by 2.9 percent over the last 12 months, with the cost of shelter increasing by 3.5 percent and the cost of apparel increasing by 6.2 percent, according the U.S. Department of Labor's Bureau of Labor Statistics.

Has the increase in expenses impacted your family?

Edward July 22, 2012 at 07:46 PM
Even though our productivity in America is up, Wages have not followed. When Energy prices drive much of the inflation, it is Politics and who controles Congress that sets the tempo on Wages. When Republicans are in office, Wages are stagnet, no Minimum wage increases and Big Business does not have to give pay wage increases when unemployment is high. When Democrats are in Control of Congress, Minimum wages come up to the "cost of living" standard, people start buying again and more jobs become available. From 2008 to 20010, the Democrat controled Congress and President Obama was able to regain 3 million New jobs after the 2008 crissis but when the Congress went to the Republican Majority, only 1 million new jobs over 18 months were created. When Democrats are a majority America prospers. When the Republicans are in charge only the 1% prospers.
Edward July 22, 2012 at 09:04 PM
Profits made from loans made Credit a comodity sold by Banks. It used to be hard to get unsecured consumer credit when everything above 10% per anum was called Usery. But, with 18% amd 27% Usery bank Rates, it has been a temptation that consumers fell for and now we are a personal debt ridden nation. Over the past 4 years, people stopped spending and started paying dow their credit cards and banks again are tempting people with teaser rates, 0% for 12 month balance transfers to build up the "easy Money" Banks could make. You may not be able to get a SECURED "home Loan" but they will give you an Unsecured "Credit Card"
Edward July 22, 2012 at 09:14 PM
My utility Bill dropped from $320.00 per month to $120,.00 on an All Electric home in Union City. Retirered, i spend a lot of time at home with my Electronics, lighting, Big Screen TV, and everything is "Energy Heavy". I reduced my utility purchased usage from 1300 Kilo Watt Hours in tiers 3,4,&5 to 630 Kilo Wat Hours but added more household usage because it was their to use from my Solar Panel System that I built and installed myself as an Inside Wireman Electrician. Today LOWES has homeowner install systems that you can buy and hook up yourself if you have the skills to do so...Or intall the panels yourself and hire an electrician to make the final hook up to the utility or Battery system that you chose to use. If you use over 1200 kilo watt hours a month, it pays to go solar. if you use under 400 kilowatt hours you should save your money and invest in Dodge and Cox Balanced Fund or Vanguard Wellington Fund for good solid growth.
Mona Taplin July 22, 2012 at 11:04 PM
Edward, thank you for your comments on Solar power. I'm sure it that would be welcome advice for many people. We old timers can no longer do our own work, but I'm sure a lot of younger people could. About credit cards and unsecured credit, I know a young couple who went bankrupt a few years ago, not as a result of the present day crisis. Almost immediately after they began getting credit card offers, signed up for a couple, and yep! they were approved. They said they were approved because they were out of debt, the allowed debt was lower and the interest rate was a "little" higher. Sure enough, they are right back where they started with expenses higher than their income so they are scrambling around to rob Peter to pay Paul and running far behind. This kind of foolishness is the fault of both the borrower and the lender.
Albert Rubio July 22, 2012 at 11:35 PM
Edward, You have a point in that prices may be driven up by other factors like energy costs. To be honest I don't know how much energy costs have affected prices. That being said, My intention is to share the effects of inflation which is always a factor. BTW, there is a relation between a drop in the value of the dollar which makes imports more expensive like oil. This is why oil prices swing so often. Being dependent on our own oil is not the answer, stopping inflation is the first solution. I recommend economics in one lesson. http://mises.org/document/6785/Economics-in-One-Lesson

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