logo
Weather page
GET THE APP
ePaper
google_play
app_store
  • Login
  • E-Edition
  • News
  • Sports
  • Obituaries
  • Opinion
  • Classifieds
    • Place an Ad
    • All Listings
    • Jobs
  • Special Sections
  • Photo Gallery
  • Contests
  • Lifestyle/Entertainment
  • Games
    • News
      • Local News
      • PA State News
      • Nation/World
    • Sports
      • Local
      • College Sports
      • State
      • National
    • Obituaries
    • Opinion
      • News
        • Local News
        • PA State News
        • Nation/World
      • Sports
        • Local
        • College Sports
        • State
        • National
      • Obituaries
      • Opinion
    logo
    • Classifieds
      • Place an Ad
      • All Listings
      • Jobs
    • E-Edition
    • Subscribe
    • Login
      • Classifieds
        • Place an Ad
        • All Listings
        • Jobs
      • E-Edition
      • Subscribe
      • Login
    Home News From rents to haircuts, Americans start to feel price hikes
    From rents to haircuts, Americans start to feel price hikes
    Nation, News
    August 3, 2015

    From rents to haircuts, Americans start to feel price hikes

    WASHINGTON (AP) — Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee.

    For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

    The price increases remain modest. And in many cases, they’re canceled out by price declines for other items that are keeping overall inflation historically low.

    Yet the stepped-up price tags for a range of consumer items are the largest since the Great Recession ended six years ago. They actually reflect a healthier economy. Many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers.

    Inflation as measured by the consumer price index has barely risen in the past 12 months, mostly because cheaper gas has held down the index.

    But prices are rising. If you exclude food and energy, which tend to fluctuate sharply, “core” inflation has risen 2.3 percent at an annual rate in the past three months.

    — Rents are moving up.

    The biggest driver of inflation this year has been residential rents. They climbed 3.5 percent in June from a year earlier, according to government data, the fifth straight month with an annual gain of that size. That is the fastest yearly pace in six years.

    Americans are overwhelmingly choosing to rent rather than buy when they first form their own households, government data show. That has driven apartment vacancy rates to the lowest level in 25 years and pushed up rents.

    —Eating out is more expensive.

    The prices of restaurant meals are also rising more quickly, picking up 3 percent in June from 12 months earlier.

    Higher food costs are helping drive the increase. Coffee prices jumped 6.1 percent in January from 12 months earlier, the most in nearly three years. At Starbucks, the price of a cup of coffee went up between 5 cents and 20 cents last month.

    And beef prices have soared nearly 11 percent in the past year, which has led Chipotle to raise prices for steak and its beef barbacoa by an average of about 30 cents per entree, the company says.

    Labor costs are also rising as a growing number of states and cities boost the minimum wage. Chipotle just raised prices 10 percent in San Francisco partly because of that city’s minimum wage increase.

    —Haircut prices surge.

    Haircut prices jumped 1.6 percent in June, the biggest monthly jump in the 62 years that the government has tracked the data. Over the past year, they’ve gone up 2.8 percent, the largest year-over-year gain since 2008.

    That’s no surprise to Chrissie Crosby, a retired government worker in Alexandria, Virginia. She says her preferred hair salon has started charging nearly $30 for a shampoo, blow dry and haircut, up from $22.

    “It used to be a convenient place for a trim, because it was inexpensive, but it’s no longer very inexpensive,” she said.

    — “Stickier” prices are rising

    Economists expect the price increases to continue, in part because they’re occurring mostly in services, whose prices tend to be comparatively stable. Economists call these “sticky” prices.

    Sticky prices don’t change that often. Utilities typically must ask regulators to approve price increases, for example, and most restaurants don’t want to frequently reprint menus. But once they do start to rise, they are slow to change course.

    The Federal Reserve Bank of Atlanta maintains an index of sticky prices, which has risen 3 percent at an annual rate in the past three months, the most since the recession ended.

    ———

    Follow Chris Rugaber on Twitter at http://Twitter.com/ChrisRugaber

    Tags:

    nation news
    CHRISTOPHER S. RUGABER AP Economics Writer

    The Bradford Era

    Local & Social
    Latest news for you
    Penguins forward Sidney Crosby named to Canada’s preliminary Olympic roster
    National Sports
    Penguins forward Sidney Crosby named to Canada’s preliminary Olympic roster
    June 17, 2025
    (TNS)—Pittsburgh Penguins forward Sidney Crosby was named to Canada's preliminary roster for the 2026 Olympics which will be held in Italy. All partic...
    Read More...
    {"to-print":"To print", "bradfordera-website":"Website"}
    Carmen Mlodzinski embraces return to bullpen as Pirates tinker with his role
    Local Sports
    Carmen Mlodzinski embraces return to bullpen as Pirates tinker with his role
    Justin Guerriero The Tribune-Review, Greensburg 
    June 17, 2025
    (TNS) —Carmen Mlodzinski has not backed off his conviction that he can be an effective starting pitcher at the major-league level. While Mlodzinski is...
    Read More...
    {"to-print":"To print", "bradfordera-website":"Website"}
    Hidden Valley Gets Season Started with Condon Memorial
    Local Sports
    Hidden Valley Gets Season Started with Condon Memorial
    Jo Wankel 
    June 17, 2025
    CLEARFIELD - Karen Condon must have a way with Mother Nature, as Hidden Valley Speedway was finally able to get the season opened Friday with the 4th ...
    Read More...
    Bradford Major Softball All-Stars
    Local Sports
    Bradford Major Softball All-Stars
    Jo Wankel 
    June 17, 2025
    The 2025 Bradford Major Softball All-Stars are, from left, Madilynn Brown, Kaelyn Drake, Claire Henretta, Isabella Lowe, Chloe Lekas, Leah Calkins, Lu...
    Read More...
    {"to-print":"To print", "bradfordera-website":"Website"}
    Husband has shown his priorities aren’t at home
    Lifestyles
    Husband has shown his priorities aren’t at home
    June 17, 2025
    DEAR ABBY: My husband works out of state for an oil rigging company 20 days out of the month. He gets 10 days off. When he comes home, we may have two...
    Read More...
    {"to-print":"To print", "bradfordera-website":"Website"}
    When in need of an extra hand
    Lifestyles
    When in need of an extra hand
    June 17, 2025
    Dear Heloise: I use pistol-grip grabbers/reachers to pick up small branches from the yard after wind storms. It's also handy for getting things from h...
    Read More...
    {"to-print":"To print", "bradfordera-website":"Website"}
    ePaper
    google_play
    app_store
    This Week's Ads
    Current e-Edition
    ePaper
    google_play
    app_store
    Already a subscriber? Click the image to view the latest e-edition.
    Don't have a subscription? Click here to see our subscription options.
    Mobile App

    Download Now

    The Bradford Era mobile app brings you the latest local breaking news, updates, and more. Read the Bradford Era on your mobile device just as it appears in print.

    ePaper
    google_play
    app_store
    Trending Recipes

    Help Our Community

    Please help local businesses by taking an online survey to help us navigate through these unprecedented times. None of the responses will be shared or used for any other purpose except to better serve our community. The survey is at: www.pulsepoll.com $1,000 is being awarded. Everyone completing the survey will be able to enter a contest to Win as our way of saying, "Thank You" for your time. Thank You!

    Get in touch with The Bradford Era
    Submit Content
    • Submit News
    • Letter to the Editor
    • Place Wedding Announcement
      • Submit News
      • Letter to the Editor
      • Place Wedding Announcement
    Advertise
    • Place Birth Announcement
    • Place Anniversary Announcement
    • Place Obituary Call (814) 368-3173
      • Place Birth Announcement
      • Place Anniversary Announcement
      • Place Obituary Call (814) 368-3173
    Subscribe
    • Start a Subscription
    • e-Edition
    • Contact Us
      • Start a Subscription
      • e-Edition
      • Contact Us
    CMG | Community Media Group
    Illinois
    • Hancock Journal-Pilot
    • Iroquois Times-Republic
    • Journal-Republican
    • The News-Gazette
      • Hancock Journal-Pilot
      • Iroquois Times-Republic
      • Journal-Republican
      • The News-Gazette
    Indiana
    • Fountain Co. Neighbor
    • Herald Journal
    • KV Post News
    • Newton Co. Enterprise
    • Rensselaer Republican
    • Review-Republican
      • Fountain Co. Neighbor
      • Herald Journal
      • KV Post News
      • Newton Co. Enterprise
      • Rensselaer Republican
      • Review-Republican
    Iowa
    • Atlantic News Telegraph
    • Audubon Advocate-Journal
    • Barr’s Post Card News
    • Burlington Hawk Eye
    • Collector’s Journal
    • Fayette County Union
    • Ft. Madison Daily Democrat
    • Independence Bulletin-Journal
    • Keokuk Daily Gate City
    • Oelwein Daily Register
    • Vinton Newspapers
    • Waverly Newspapers
      • Atlantic News Telegraph
      • Audubon Advocate-Journal
      • Barr’s Post Card News
      • Burlington Hawk Eye
      • Collector’s Journal
      • Fayette County Union
      • Ft. Madison Daily Democrat
      • Independence Bulletin-Journal
      • Keokuk Daily Gate City
      • Oelwein Daily Register
      • Vinton Newspapers
      • Waverly Newspapers
    Michigan
    • Iosco County News-Herald
    • Ludington Daily News
    • Oceana’s Herald-Journal
    • Oscoda Press
    • White Lake Beacon
      • Iosco County News-Herald
      • Ludington Daily News
      • Oceana’s Herald-Journal
      • Oscoda Press
      • White Lake Beacon
    New York
    • Finger Lakes Times
    • Olean Times Herald
    • Salamanca Press
      • Finger Lakes Times
      • Olean Times Herald
      • Salamanca Press
    Pennsylvania
    • Bradford Era
    • Clearfield Progress
    • Courier Express
    • Free Press Courier
    • Jeffersonian Democrat
    • Leader Vindicator
    • Potter Leader-Enterprise
    • The Wellsboro Gazette
      • Bradford Era
      • Clearfield Progress
      • Courier Express
      • Free Press Courier
      • Jeffersonian Democrat
      • Leader Vindicator
      • Potter Leader-Enterprise
      • The Wellsboro Gazette
    © Copyright The Bradford Era 43 Main St, Bradford, PA  | Terms of Use  | Privacy Policy
    Powered by TECNAVIA