Local inflation rate takes biggest jump since 1980 to 5.4%

Local inflation rate takes biggest jump since 1980 to 5.4%

Your checkbook isn’t lying. Local inflation is soaring at a pace not seen since 1980.
Los Angeles and Orange counties’ slice of the Consumer Price Index jumped at a 5.4% annual rate in October compared with just 0.7% a year earlier as the economy was struggling with coronavirus-related challenges. The upswing is being felt across the nation, too. U.S. inflation was 6.2% vs. 1.2% in October…

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