Honolulu Inflation Rate: 4.3%

by Mark on February 25, 2009

Still higher than the normal 2-3% rate.

The rising cost of trips to the supermarket, along with historic prices for gasoline and higher electricity costs, helped push up inflation in Honolulu last year, though at a slower pace than the two previous years.

Honolulu’s consumer price index was 4.3 percent last year, according to the U.S. Bureau of Labor Statistics, which twice a year reports on inflation here.

The report pointed to a slowing of inflation from 2006 when the consumer price index jumped to a 15-year high of 5.9 percent. But the full-year number did not tell the whole story, which involved price increases during the first six to nine months followed by decelerating gains.

http://www.honoluluadvertiser.com/article/20090221/BUSINESS/902210302/1071

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