Inflation hitting the Bay Area hard

As if the Bay Area housing market wasn’t challenging enough already, the price of just about everything continues to soar.

A few examples:

  • Gasoline prices increased by 45 percent in December 2021 over December 2020.
  • Cereal and bakery products increased by 10.3 percent
  • Meanwhile, the cost of eating out only went up by 3.6 percent
  • Electricity in the Bay Area rose by 9.6 percent while natural gas increased by a whopping 27.8 percent
  • Currently the inflation rate is 3 times what it was in early 2021
  • And it doesn’t show any signs of ending anytime soon.

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