Consumer prices in the Bay Area cooled off in August and — while still rising — slowed to a near-normal pace for yearly increases in the inflation rate, the government reported Wednesday.
The Bay Area inflation rate rose 3.4% in August, the U.S. Bureau of Labor Statistics reported.
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That pace is similar to the 2% to 3% yearly increases in the Bay Area in times when consumer prices are rising at a typical rate.
The nationwide inflation rate was slightly more heated, rising at a yearly pace of 3.7% in August compared with the same month in 2022, the federal agency reported.