Los Angeles has become ground zero for America's inflation crisis, with March marking the first time a U.S. city saw average gasoline prices surge past $6 per gallon. Last week's record $6.08 price for regular unleaded is just one piece of a broader affordability puzzle squeezing residents of the nation's second-largest city.
CGTN Stringer reports reveal stark price hikes across essentials: A dozen eggs now costs $4.29 (up 58% from 2021), while chicken breasts jumped 32% to $5.99 per pound. 'I'm choosing between filling my tank or buying groceries this week,' said Maritza Gomez, a rideshare driver waiting in a half-mile queue at a Costco gas station.
Economists note the Los Angeles metro area's costs now mirror 1980s-level inflation adjusted for modern wages. Transportation expenses account for 22% of average household budgets here, compared to 14% nationally. The domino effect impacts multiple sectors – from delayed small business expansions to 18% fewer Uber drivers active during peak hours.
While federal data shows U.S. inflation cooling to 5% in March, Angelenos continue adapting through carpool apps, bulk grocery subscriptions, and shifting commutes. As supply chain expert Dr. Rachel Lin observes: 'This isn't just about numbers – it's about recalculating what \"normal\" means for urban living.'
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Surging U.S. inflation, how are people living in Los Angeles?
cgtn.com
