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How The Cost Of Living Has Increased In The Last Two Years.

Sitting down to read the paper on Sunday is normally a treat – just me, a cup of coffee and the comfortable Sunday Times. But this weekend when I got to the Business section, I was blown away by an article about how the cost of living has been skyrocketing in the last couple of years. While the article has a ton of information in it, I wanted to concentrate on just these statistics here in Los Angeles, which can normally be seen as a harbinger for the rest of the nation:

The price of gasoline has increased 26.9% from January 2007 to January 2008.

The price of automobile maintenance has increased 25.8% from 2006 to 2007.

The increase in the average minimum balance required in no-fee, interest-bearing bank accounts was 24.6% from 2006 to 2007.

The increase in the value of the euro versus the U.S. dollar between last week and the same week last year is 16%.

The increase in the fine for a parking ticket is up 8.3%.

The increase in the cost of the Bureau of Labor Statistics’ basket of food items in the LA area from 2007 to 2008 was 7.1%.

The average increase in rent from 2006 to 2007 was 5.1%.

Here in California, the rate of inflation was 3.9% in January and the rate in the entire country was 4.3%. Compared to inflation, it seems the cost of goods and services is skyrocketing unproportionally. It’s no wonder people are having such a hard time of making ends meet in the last couple of years.


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Comments (8)

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  1. guinness416 says:

    It’s wild. On a personal level I’m I’m happy that I’ve protected myself from a number of them, to the extent I can – no car, no rent, no consumer debt, and money at home in Europe as well as here in N.America – because indications are that it won’t be slowing down anytime soon. The food one’s been on my mind recently, since reading this article in Macleans (which I see to be linking all over the place, but I thought it was really thought-provoking). Get to growing those veggies!

  2. Clare says:

    I agree with you, Guinness. A bonus to veggie gardening is its two-fold effect on their environment as well as consumers’ wallets.

    I kind of like the concept promoted on this site, http://www.revivevictorygarden.org/

  3. It’s horrible. I canceled my YMCA membership yesterday, and the form required a reason, so I wrote, “It’s not in the budget anymore.” The gal at the desk read it, sighed, and said, “A lot of things aren’t in the budget anymore.”

    Another reason to simplify my life and live with less. 🙂

  4. david says:

    Thanks for the comments guys! Seems everything is going to be out reach here any day!

  5. Yet the Feds still say that inflation was only 3% for last year. I swear, I’m thinking about starting a website that solicits costs for a family of 4 for EVERYTHING they buy during the course of a year across all 50 states. Then I want to compare it to what the Feds say is our “cost of living.”

    I would guarantee that it would be no where near what the government hacks say it is.

  6. david says:

    Oh, I guarantee that Ron…they are guesstimating and not doing measurements in the real world.

  7. […] Two Dollars – How The Cost Of Living Has Increased In The Last Two Years. The cost of living has gone up quite a bit over the last two years. I don’t expect it will […]

  8. […] Cheap when comparing a gallon of gas to a gallon of milk, water, and beer. Although according to How The Cost Of Living Has Increased In The Last Two Years, “The price of gasoline has increased 26.9% from January 2007 to January 2008.” Try […]

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