SoCal Inflation Cools to 3.1%, But 12-Point Wage Gap Pinches
Southern California's blended CPI cooled to a 3.1% annual rate in July, but prices are still up 28% over 5.5 years versus just 16% wage growth — a 12-point real-income squeeze. The gap complicates the Federal Reserve's disinflation narrative and pressures consumer-dependent sectors across the region.
Source: sandiegouniontribune.com · dailybreeze.com