via CoStar.com
Investors watched warily as inflation in the United States reached its highest point in 39 years, reading 7.1% in December, according to the Bureau of Labor Statistics. As home to some of the largest ports in the country, the Southern California region has also seen banner levels of inflation, just to a different degree. The inflation rate for the combined metropolitan area of Los Angeles and Orange counties was 6.6% in December, the highest December level locally in 31 years.
A dive into specific goods gives insight as to what’s driving price jumps and how it affects the commercial real estate sector.