Inflation is stabilizing, but Hawaii food costs high
Honolulu’s inflation rate is easing, but prices for some items are still higher than they were last year, according to federal data.
The U.S. Bureau of Labor Statistics reported Tuesday that inflation — as measured by the consumer price index — in May rose 2.0% over the past year for Honolulu, continuing a downward trend.
In March, Oahu’s rolling 12-month inflation rate fell to 3.3% compared with the previous rate of 5.2% in January.
State economists consider the stabilizing inflation rate to be good news for Hawaii overall.
