Prices in Colorado fell by 0.17% between July and September, down from a 1.72% increase over the two months prior. Because of this, Colorado’s 12-month inflation rate dropped from 8.2% to 7.7% over the last two months.
On this episode of Common Sense Digest, Host and Chairman Earl Wright welcomes Mayor of Colorado Springs John Suthers and Aurora City Councilman Dustin Zvonek to the show to discuss how each municipality is approaching the complex and intermingling challenges of housing affordability, homelessness, crime, economic opportunity and much more.
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.
Chairman and Host Earl Wright welcomes Chris Brown, Vice President of Policy & Research for CSI, and new team member Steven Byers, Ph.D., who joins as Senior Economist, to the show to discuss the multiple facets of both inflation and Colorado’s general economic situation.
In 2021, inflation in the Denver metropolitan area was the highest it’s ever been since the Bureau of Labor Statistics began tracking it in 1986. The largest two-month period of inflation occurred in late spring and a resurgence at the end of the year through January added an additional 2.6%.