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Inflation growing slower in this Bay Area region

Consumers across the country are facing soaring gas, food and housing prices, but in San Francisco and the East Bay costs are not growing quite as fast, according to a new report by WalletHub.

The outlet tracked the Consumer Price Index, a measurement of inflation, in 23 large metro areas and found San Francisco-Oakland-Hayward tied for second to last in inflation growth over the past year. The data did not include San Jose.

Inflation grew 6.8 percent in San Francisco over the past year ending in June. That was the same increase experienced in Honolulu, but almost half the growth in Anchorage, where inflation grew the fastest in the country at 12.4 percent.

The biggest factor behind the increase in San Francisco were energy prices, which jumped 36.4 percent year-over-year, largely due to gas price hikes. Food prices in the city also rose 10.8 percent overall. Indeed, at some SF taquerias the price of a super burrito jumped $1 over the summer, according to reports.

There may be some signs price have peaked, however, as there have been sightings of gas under $5 a gallon throughout the Bay Area.

Here are the U.S. regions where inflation is growing the most and the least, according to the study:

Highest inflation growth over the past year1. Anchorage, AK2. Phoenix, AZ3. Atlanta, GA4. Tampa, FLT-5. Miami, FLT-5. Baltimore, MD

Lowest inflation growth over the past year

19. San Diego, CA20. Boston, MAT-21. San Francisco, CAT-21. Honolulu, HI23. New York, NY

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