It is no surprise that a California city has the highest inflation rate in the nation. Not only is it governed by Newsom and a super majority of Democrats, the city council has no Republicans and the Board of Supervisors is run by Democrats. Add to that the open border policy of Biden—and the city/county are sanctuary cities for criminals from foreign countries.
“The study, which combined Consumer Price Index (CPI) data for both two-month and one-year periods, found San Diego experienced the highest change in inflation, followed by Boston, Riverside, New York, and Chicago.
Chip Lugo from WalletHub points to several factors contributing to San Diego’s inflation woes. “San Diego has one of the most expensive housing markets in the US,” Lugo said. “Of course California’s energy prices are among the highest in the nation, and also supply chain issues.”
University of San Diego economics professor Alan Gin echoes these concerns, adding, “Prices have been rising rapidly here in San Diego, particularly the cost of housing.” Gin also noted that “food prices too, surprisingly have increased here as well.”
Then you have riverside in the top three as well. All five of the worse cities for inflation have one thing in common—Democrats have a stranglehold on the city councils.
San Diego struggles with highest inflation in US, study says
A new WalletHub report ranks San Diego as having the biggest inflation problem in the country, citing housing costs and energy prices as key factors.
https://www.cbs8.com/article/news/local/san-diegos-inflation-top-nation-for-first-time/509-67a07471-9e7b-4869-bc08-0f15213a5e57Author: Steve Price, cbs8, 3/12/25
SAN DIEGO — San Diego residents are feeling the pinch as the city tops the list for the highest inflation in the United States, according to a new report from WalletHub.
The study, which combined Consumer Price Index (CPI) data for both two-month and one-year periods, found San Diego experienced the highest change in inflation, followed by Boston, Riverside, New York, and Chicago.
Chip Lugo from WalletHub points to several factors contributing to San Diego’s inflation woes. “San Diego has one of the most expensive housing markets in the US,” Lugo said. “Of course California’s energy prices are among the highest in the nation, and also supply chain issues.”
University of San Diego economics professor Alan Gin echoes these concerns, adding, “Prices have been rising rapidly here in San Diego, particularly the cost of housing.” Gin also noted that “food prices too, surprisingly have increased here as well.”
The inflation problem may worsen due to ongoing economic uncertainties, including potential impacts from tariffs and retaliatory measures from other countries, according to Gin. While a slowing economy could potentially ease inflation, Gin warns of the trade-offs. “A slowing of the economy would tend to reduce prices. So if the economy slows down, then we might see an easing of inflation, but unfortunately, if the economy slows, people could end up losing their jobs,” he explained.
Gin, however, expressed some skepticism about WalletHub’s methodology.
“I think the year over year one is more reliable and in that one San Diego was not #1,” Gin said. “I think we were 4th year over year. It’s not great, but a little bit better than the highest,” he said.
Despite the gloomy economic outlook, Lugo does note a silver lining here in San Diego, “Well, at least you have nice weather.”
