COVID economy: Meat, poultry, fish, eggs, dairy prices skyrocket, gasoline costs plunge

Bay Area consumers — many out of work due to coronavirus-linked business shutdowns — suffered through brutal increases in the cost of meat, poultry, fish, eggs, fruits, and vegetables during 2020, a report released Wednesday shows.

About the only relief for Bay Area consumers during a forbidding year of job losses and economic woes unleashed by the coronavirus: Gasoline prices plummetted during 2020 in the region, according to a new report by the U.S. Bureau of Labor Statistics.

The Bay Area’s overall cost of living, or inflation, as measured by the consumer price index, rose 2 percent in 2020 compared with 2019.

The increase in the cost of living for the nine-county region was the smallest annual rise in consumer prices in at least a decade, this news organization’s analysis of the federal report shows.




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Source:: The Mercury News – Entertainment


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