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Honolulu inflation rises at fastest rate in 4 years

By Star-Advertiser Staff

POSTED:
LAST UPDATED: 03:47 p.m. HST, Feb 17, 2012



The inflation rate in Honolulu in the second half of 2011 rose at the fastest rate in four years, led by increases in electricity and gasoline prices, according to a report released today.

Inflation, as measured by the Consumer Price index, rose by 4 percent in the second half of 2011 compared with the second half of 2010, the Bureau of Labor Statistics reported.

Among the components in the index, the biggest increase was in household electricity costs, which rose 34.3 percent during the period. Gasoline prices rose 19 percent.

The year-over-year increase in the index was the largest since the second half of 2007 when it rose by 4.8 percent.







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DiverDave wrote:
This comment has been deleted.
on February 17,2012 | 11:08AM
Highinthesierras wrote:
True, and sad. Hawaii will lose it best and brightest young folks as the cost of living here reaches new highs. We are second to NYC when it's comes to cost of living, and without the high paying jobs. So, what are we left with, those whose highest aspiration is to work for the Government, which is a step above those who really don't want to work at all, just steal, the second biggest industry here.
on February 17,2012 | 04:15PM
HD36 wrote:
True, and sadly the rest of us gotta pay thier inflated salary and wathem drive around in fancy cars.
on February 17,2012 | 08:18PM
ammb3 wrote:
We're getting hit hard! Look at Carlisle & Caldwell who want to drive us deeper in debt with RAIL! Carlisle can't even fix the water mains which break almost daily, fix the sewers and the roads! The excise tax will have to increase to pay for rail! We're already paying high water/sewer and electricity bills!
on February 17,2012 | 11:31PM
Locokane wrote:
If you think inflation rate was bad in 2011, you haven't seen anything yet! Our water/sewage rate increases are just beginning. Freight shipping from the mainland for food and supplies are also increasing this year. Futuristic planning and implementation of an undersea cable between Molokai and Lanai to Oahu is going to raise your electricity rates more not less. Ineffective and bloated costs of the PUC, BOE, DOE, HTA, BWS operations and THEIR LACK of oversight by the Legislature and State Leaders is going to continue and rob the taxpayers of Hawaii blind. Businesses are running this States not our elected officials and businesses only care for their own bottom line and bonuses using taxpayers money.
on February 17,2012 | 11:28AM
Maipono wrote:
Let's not forget about the extra money that we are paying and will pay for rail in the form of the excise tax increase. More tax and spend on the way if the legislature has their way. But I really have to agree with DiverDave, we have to hand it to the guv that can't spend enough money and the president that has increased our national debt to 16 trillion dollars. Please Hawaii vote wisely this year and not along party lines. Vote for our keiki and stop the insanity of "spend for today and forget about tomorrow."
on February 17,2012 | 01:19PM
HoldEverything wrote:
We're doomed. And that's looking at the bright side.
on February 17,2012 | 01:37PM
Changalang wrote:
That is the City squeezing you off the rock. Push off the working poor; and cost and utilization of services provided goes down too. The harder they squeeze; the more will leave. Time for Ben.
on February 17,2012 | 02:48PM
NanakuliBoss wrote:
The Gloom and Doom Squad is running amok!
on February 17,2012 | 04:15PM
Changalang wrote:
And the pro-gov't private contract award beneficiary fat cats are getting fatter by the day.
on February 17,2012 | 04:26PM
ammb3 wrote:
More like the reality check squad. Not your, "i love Peter Carlise", & "everything is just going to be just fine, we wont be in a financial crisis" approach.
on February 17,2012 | 11:34PM
Dtab wrote:
CAN US MIDDLE CLASS GET A PIECE OF THE PIE AND GET SOME HELP WITH FOOD STAMPS!!!! SEEMS LIKE THE POOR GET RICHER AND THE RICH GET RICHER, AND US MIDDLE CLASS GET THE SHAFT!!! PLEASE CAN WE GET SOME HELP!!!
on February 17,2012 | 03:20PM
Changalang wrote:
The Middle Class is the battery of economical transformational change that is powering its own elimination on an accelerated time line. The only help you get is one last chance to vote wisely before you are reduced to the working poor. Go Ben Go !
on February 17,2012 | 04:15PM
NanakuliBoss wrote:
Like I told kuniarr, inflation will make your property tax go up.
on February 17,2012 | 04:17PM
Changalang wrote:
And then, the machine candidates of Honolulu Hale raise your property taxes beyond inflation by goosing assessment values and property tax rate; the death blow of the Middle Class, renter or mortgage payer. There is no ceiling when the goal is to push people onto the mainland. Caldwell and Carlisle; two faces of the same Coin that at one time belonged to the Oahu taxpayer. The double "C" is fiscal Cancer to the people of this city. Ben is the Cure. Go Ben Go !
on February 17,2012 | 04:29PM
bubbaButt wrote:
Yeah, Ben Dover... Here it Comes Again! Hahahaha!
on February 17,2012 | 11:40PM
stanislous wrote:
Inflation up 4.8... Pay cut 5.0 = a -9.8% That "Hope & Change" isn't working out too well for me.
on February 17,2012 | 05:08PM
bubbaButt wrote:
This country definitely needs "Hope and Change" in 2012! It has been an abysmal 3 1/2 years already!
on February 17,2012 | 11:43PM
LanaUlulani wrote:


In other words Obama's TARP2, QE2, and QE3 further devalued the American dollar while the laws made by the Democrat Regime in Hawai'i in the House and Senate have increased taxes and made new taxes rendering local families helpless against hyperinflation.

Meanwhile incomes are not rising but gas prices, food prices, and power prices are.

WAKE UP HAWAI'I. Money in the form of taxes should NOT go to the U.S. government. INSTEAD this money should go to the the keiki/chldren and mo'opuna/grandchildren instead. Oust all of those in the Democrat Regime. That way the children and grandchildren will have money to BUY FOOD TO EAT!


on February 17,2012 | 05:13PM
control wrote:
money in the form of excessive profits for wall street isnt going to put food on the table for children and grandchildren. At least my tax dollars have a chance to benefit all americans and not just the 1 %.
on February 17,2012 | 06:32PM
control wrote:
And how about grocery prices that also skyrocketed? $7 for a avg size jar of mayo...$4 for a can of beans...double digit beef prices...almost $3 for a can of tuna mush advertised as chunk. That $1.79 price for lemons at safeway isn't per pound - it's the cost for just 1 lemon - something that once cost 33 cents. $1 for a small shallot, $4 for a carton of mushrooms......Some items at the health food store is actually cheaper than the regular grocerys.
on February 17,2012 | 06:30PM
roadsterred wrote:
If you believe the Federal Government and Bernanke, inflation is under control. However, just go to the gas station, the supermarket, and look at your utility bills, inflation is right before your eyes. Our governments, Federal, State, and County are feeding us a load of BS and the problem is that the majority are believing it, after all ignorance is bliss. We love living in paradise and are willing to tolerate all the abuses of our State and County governments just to stay here.
on February 17,2012 | 07:24PM
HD36 wrote:
I was sitting next to a guy from Brazil at the latest UFC fight. He told me he lived through the hyperinflation in Brazil in the 80's. As soon as you get your paycheck, you must run down to the supermarket and spend it all because the next day there might not be anything or the price woudl double. The sign of imminent economic collapse will be rising interest rates. The Fed is like holding a ball underwater with low rates, as soon as other countries figure out this ponzi scheme, I hope you're off this rock.
on February 17,2012 | 08:25PM
Fergster wrote:
Can we afford rail? No. We can't afford to repair our roads. The evidence is out there. Drive around and you will feel the road beating your vehicle up. Why is the electric company allowed to increase their charges by so much? If this inflation continues at such a rapid pace we may turn into the middle east. Is that what you want?
on February 17,2012 | 07:47PM
niimi wrote:
My company predicts a 6% as the 2012 inflation rate plus anticipates $5 gasoline this year, so prices are rising 11.5% over last year. That and having to keep up with the negotiated labor rates. Being locked into certain fixed costs, the only remedy may be more layoffs. Can't lower wages. Can't reduce the lease. Management has taken a 15% salary reduction. Heck a third of the labor makes more than management. Funny how that is. So prices have to go up. No choice.
on February 17,2012 | 10:33PM
niimi wrote:
I don't plan on being squeezed out of the middle class. I work hard, earn my money. All in the private sector. Save it. Invest it. Use money to buy real estate. Rent it out. 20 years from now the renters have paid off my rental properties. All gravy after that. Life insured. Disability insured. Family insured. Spouse and children set. Slow and steady wins the race. Only take risks where you can control how you work around it. First work for your money, invest it, then get your money to work for you. Takes 70 hour work weeks for about 20 years. Then dial it back. Not trying to get rich, just make life comfortable.
on February 17,2012 | 10:38PM
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