Denver-area inflation fueled by gas, food prices

DENVER (KDVR) — A brand new report from the U.S. Bureau of Labor Statistics exhibits the speed of inflation in metro Denver in April and Might tracked with what we’re seeing nationally, as costs of products rose to eight.3% dearer this yr in comparison with final.

The costs are even greater for meals and gas, in response to the newest Client Value Index report. Total, costs within the Denver-Aurora-Lakewood space noticed a rise of 1.3% over the previous two months, with the meals index rising 2.8% and the vitality index rising 1.7%.

If you have a look at the year-over-year prices for the Denver metro space, meals costs rose 9.8% and vitality costs skyrocketed by 24.7%, primarily fueled by the rising worth of gasoline.

Placing meals and gas apart, costs rose 1.1% within the Denver metro space over the past two months. Costs for family furnishings went up 2.3%, medical care rose 1.4% and costs for shelter went up 1.1% in that point interval. The value of attire went down 3%, which helped anchor the general value enhance over April and Might.

12 months-over-year knowledge exhibits costs for what’s known as homeowners’ equal hire, or the cash a property proprietor must pay in hire to be equal to their value of possession, rose 7.4% within the metro. The value of medical care rose 10.3% and used automobiles and vans rose 18.9%.

You possibly can see extra statistics on how costs are rising within the Denver metro on the U.S. Bureau of Labor Statistics.