{"id":639849,"date":"2026-05-13T03:56:11","date_gmt":"2026-05-13T03:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/639849\/"},"modified":"2026-05-13T03:56:11","modified_gmt":"2026-05-13T03:56:11","slug":"seattle-area-inflation-hits-4-9-outpacing-nation-as-energy-costs-soar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/639849\/","title":{"rendered":"Seattle-area inflation hits 4.9%, outpacing nation as energy costs soar"},"content":{"rendered":"

Prices in the greater Seattle area rose 4.9% over the past year, according to federal data<\/a> released Tuesday, outpacing a national inflation rate that itself hit a three-year high of 3.8%.<\/p>\n

The Bureau of Labor Statistics (BLS) reported<\/a> that the region\u2019s consumer price index climbed 1.3% over the past two months, well above the 0.6% national increase. The numbers reflect rising energy costs driven by the war in Iran, high housing prices, and a local job market that is starting to soften.<\/p>\n

Energy, housing, and a cooling job market push Seattle\u2019s inflation rate to nearly 5%<\/p>\n

Energy is the biggest culprit. The Seattle-area energy index surged 23.7% year over year, with gasoline prices up 25.7% over that span, according to BLS. In just the two months ending in April, gasoline jumped 28.9%, pushing the broader energy index up 17.6%.<\/p>\n

Food offered a rare bright spot, at least at the grocery store. Prices for food at home fell 1.2% over the two-month period, with four of the six major grocery categories declining. Overall, food prices rose 3.8% year over year.<\/p>\n

Stripping out food and energy, core prices in the Seattle area climbed 3.8% annually, a full percentage point above the 2.8% national core rate. Shelter, the index\u2019s heaviest component, rose 2.4% over the year. Recreation costs jumped 8.1% year over year, among the steepest category gains. Apparel was one of the few categories to fall, dropping 4.4% over two months.<\/p>\n

Meanwhile, the Federal Reserve held its benchmark rate in the 3.50%-3.75% range last month. Tuesday\u2019s numbers make near-term rate cuts unlikely. The next national Consumer Price Index report is scheduled for June 11.<\/p>\n

Read more of Aaron Granillo\u2019s stories\u00a0here<\/a>.<\/p>\n

Follow @https:\/\/twitter.com\/aaronkirofm<\/a><\/p>\n

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