Tacoma-area inflation inches up 0.7 percent for two months ending in February

Staff writerMarch 18, 2014 

Remove inflation from your list of things to worry about.

In figures released Tuesday, the Bureau of Labor Statistics reported overall prices in the Puget Sound area rose 1.2 percent over the 12 months ending in February.

Not since October 2012 have annual prices risen above 2 percent in the region comprising Pierce, Thurston, Island, King, Snohomish and Kitsap counties.

While the annual rate rose 1.2 percent, the bi-monthly change noted a 0.7 percent increase, the report said. This follows a 0.7 percent decline measured for the two months ending in December.

By category, household fuels and utilities saw the greatest increase over the past two months, rising 2.8 percent.  Within the category, electricity prices sparked the highest jump, up 1.7 percent.

Rents in the area rose 0.6 percent while overall shelter costs rose 0.9 percent.

Alcoholic beverages iced the a similar increase, up 0.7 percent for the period.

Grocery prices bagged a 1.3 percent increase while “food away from home” rose only 0.2 percent.

The apparel sector showed a decrease of 1.8 percent and furniture couched a drop of 1.4 percent.

Gasoline prices fueled a 0.7 percent increase while showing an 8.3 percent decrease over the previous 12 months.

Medical care cost 0.9 percent more over the two months, while the annual increase hit 3 percent. The cost of recreation declined 0.1 percent while education and communication rose 0.2 percent over the two months, the bureau said.

 

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