Comment by axiolite
6 months ago
> the high minimum wage here is just part of the over all inflation spiral
Inflation in the west is lower than the rest of the country:
https://www.visualcapitalist.com/mapped-annual-inflation-rat...
Even going by CPI, inflation in California is lower than Texas, Florida, Alabama, etc.
https://www.usatoday.com/story/money/2024/04/09/states-highe...
I agree with you that restrictions on new housing is a big problem, but it is NOT just a California problem.
Looking at the quarterly inflation rate makes little sense when discussing the cost inflation over the last decade and a half.
By all means, point us to your sources that show California's inflation is much worse than all other US states, "over the last decade and a half".
https://fred.stlouisfed.org/series/CUURA422SA0
37% increase in the last decade vs about 34% in all urban areas. I see your point.
https://fred.stlouisfed.org/series/CPIAUCSL