Inflation rose slightly along the northern Front Range this year according the Bureau of Labor Statistics. Prices for goods are up 1 percent -- just a fraction of the increase seen in previous years in Boulder, Denver and Greeley.
You can thank lower energy prices for the decline. They fell a whopping 22 percent in the first half of 2015. The reason? A glut of oil on the market which has pushed down gasoline prices. Of course, that’s bad news for Colorado’s oil drilling industry -- but good news for consumers.
The decline in energy prices helped offset the continued increase in housing costs along the northern Front Range, from Greeley to Denver. Housing costs in the first half of 2015 jumped more than 5 percent compared to the last half of 2014. That was the chief reason that inflation grew at all, given the collapse in oil.
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