Consumer prices in Honolulu up nearly 8%
A new report shows what you’ve probably already noticed — prices for nearly everything have gone up.
The Bureau of Labor Statistics reports that consumer prices in the Honolulu area have increased 7.5% in the past year, and went up 2.4% in just the past 2 months.
However, inflation in the Islands was slower than the rest of the nation. During the same time period, prices rose 8.5% across the US. That’s the biggest increase since December 1981.
Transportation — which includes the cost of vehicles and fuel — saw the biggest jump, with costs soaring 18.2% in the past year. Food costs increased 8.9%.
One category remained relatively stable: Education costs only increased 0.4%.