Inflation in the Denver metropolitan area continues to run hot, particularly for housing. Overall price levels increased 2% between January and March and 9.1% over the last 12 months. The BLS reports housing inflation of 7.9%, but home prices (not a component of CPI) have increased 20.8% YoY through January 2021.
Although the Opioid Crisis has been an ongoing public health issue since the late 1990’s, Colorado’s policymakers, law enforcement, district attorneys, addiction rehab advocates, and researchers have recently narrowed their focus on Schedule II Controlled Substances and more specifically, fentanyl.
Colorado is an increasingly expensive place to live. Housing prices are surging, and affordability is decreasing. Though there has been a recent increase in building permits, the current housing supply shortage is so large that the increased construction of new homes must be sustained for years, if not increased, to overcome the shortage.
Governor Polis has declared that Colorado will rely on 100% renewable electricity by 2040, a goal that surpasses even that of President Biden, although achieving such targets will not come without economic and social cost. The challenge is significant, and, by most measurements, the state is behind in meeting its targets.