Grocery store prices are down over the past year, but the cost of eating out continues to rise sharply. The latest CPI report found metro Denver prices for eating out are up 6.2%, while the cost of a basket of items urchased at a grocery store are down 1.6%.
Gasoline prices, by contrast, are down 3% over the past year in metro Denver. But that is about to change, said Cole Anderson, a research analyst with the Common Sense Institute, in a note on the inflation numbers.and that will add $90 to $260 in fuel costs in June and July for households with two drivers, depending on the type of vehicle they drive, Anderson estimates.The cost of purchasing a used car is down 9.5% over the past year while new car prices are flat compared to May 2023.
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