Inflation Rate 2024 California

Inflation Rate 2024 California. Although inflation has cooled, more than three years of higher prices have eaten away at california's gains in median household income. An uptick in nationwide inflation could have bigger consequences for californians who are already paying higher prices for basic goods and services, including housing and energy.

But while food and gasoline price increases slow, housing costs may climb more than the average rate of inflation, according to economic experts. Although inflation has cooled, more than three years of higher prices have eaten away at california’s gains in median household income.