Drop Means More Than Just Cheaper Gas
- Share via
Orange County residents continue to benefit from lower oil prices. In the past year, inflation in the five-county Southern California region, as measured by the consumer price index, has risen just 1.2%. The biggest reason is that gasoline prices plunged 10.3% through February, offsetting a 2.3% annual gain in apparel prices and a 2% increase in housing costs.
*
Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at [email protected]
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
