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Honolulu inflation rate eases in second half of 2012

By Star-Advertiser Staff

LAST UPDATED: 10:50 a.m. HST, Mar 12, 2013

The inflation rate in Honolulu slowed to 2 percent in the second half of 2012 on an annual basis, the U.S. Bureau of Labor Statistics reported.

Inflation, as measured by the Consumer Price, eased in the second-half from 2.8 percent increase for the first half of 2012 on an annual basis, according to the BLS.

Among the major components in the index, the biggest increase was in food and beverage, which rose 4.2 percent. Education costs rose 3.5 percent, while the cost of apparel and medical care rose by 2.9 percent and 2.6 percent respectively.

Transportation costs were down 0.3 percent, while housing costs increased by 1.5 percent.

Electricity costs, which are a sub category of housing, were unchanged. Gasoline costs, which are a subcategory of transportation, rose by 3.7 percent.

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serious wrote:
In all due respect, I would appreciate a hint of what the COL for HI would be without the Jones Act!!
on March 12,2013 | 12:01PM
Hapa_Haole_Boy wrote:
So if the overall rate was 2.0%, with several components into the 3%/4% area and only one component dropping, what makes it an overall rate of 2.0%? Fuzzy math. Should include all the components that comprise the 2.0%, b/c it sure feels like a whole lot more than that out there...
on March 12,2013 | 12:17PM
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