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Bay Area inflation rate continues to rise

November 14, 2022 By Geoffrey Disch Leave a Comment

Green Escrow Services | American economy

Inflation in the Bay Area is near a 20-year high running at a yearly rate of 6.8 percent. Inflation in June 2001 increased by 6.6 percent and in October 1984 by 7.1 percent.

The biggest culprit was utility bills – primarily PG&E – which increases of 18.9 percent for electricity and 16.3 percent for natural gas over a year-long period that ended in October.

Bay Area food prices increased by 10 percent on a yearly basis as well.

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Filed Under: U.S. Economy Tagged With: Bay Area inflation

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“I’ve been in this industry for over 20 years. I have seen both fantastic and just “ok” escrow officers. The Escrow Officer and her team are typically the last stop for a borrower during the purchase or refinance transaction. You want that person and team to be personable, professional and helpful to your client. Kathy and her team at Green Escrow has surpassed my expectations. The team has gone the extra mile to ensure my file closed on time and without incident. I’m looking forward to continued success with Green Escrow.””
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