Los Angeles Times: Dr. Dave Smith Comments on Rising National Inflation and California's Role

In a recent Los Angeles Times article, Dr. Dave Smith comments on California metropolitan areas seeing a rise in consumer price index saying “the fact California cities dominate the national inflation measure is a reflection that economic activity is robust in these given areas and it’s putting upward pressure on prices.” Housing costs are playing a huge role in rising inflation for many California cities. For Los Angeles and Orange counties, consumer prices rose 3.1% and for the San Francisco Bay Area, inflation jumped 4%. The LA Times reports that State legislators have taken steps to address this issue but many of the proposed bills have died. Read more