The pain: The cost of fixing or remodeling your home in California has risen by 67 percent in a decade — twice overall inflation’s jump. The pinchConsider that these building projects that cost a typical Californian $10,000 at the start of 2013 now run $16,703. Nationally, what cost $10,000 for these items in 2013 is now a $16,401 bill — or a 64 percent jump. It shows all goods and services that cost $10,000 at the start of 2013 are now $13,298 — or a 33 percent jump. The CPI rose 3.7 percent in the past year vs. an average 5 percent annual jump over the previous three years vs. a 1.6 percent annualized gain in 2013-19.

Source: thestar December 27, 2023 15:13 UTC