Quantcast

Report: Consumer prices down in Utah, nationally

Published: Monday, Aug. 3 2015 4:42 a.m. MDT

Gas prices are displayed at a gas station and mini-mart in the Mid City section of New Orleans in New Orleans. Gasoline prices fell by an overage of 10 cents from October to November, and airfare costs decreased more than 12 percent, the report stated. (Gerald Herbert, AP) Gas prices are displayed at a gas station and mini-mart in the Mid City section of New Orleans in New Orleans. Gasoline prices fell by an overage of 10 cents from October to November, and airfare costs decreased more than 12 percent, the report stated. (Gerald Herbert, AP)

SALT LAKE CITY — The Zions Bank Wasatch Front Consumer Price Index fell 0.2 percent from October to November, while the national index dropped 0.5 percent over the same period.

The difference between the two indexes over the past 12 months was 1.3 percentage points. Prices across the Wasatch Front have increased 3.1 percent year-over-year compared with just 1.8 percent nationally, according to the report released Friday.

Gasoline prices fell by an overage of 10 cents from October to November, and airfare costs decreased more than 12 percent, the report stated.

Transportation costs make up almost 20 percent of the average Utahn's monthly expenses, so the 1.3 percent decrease represents a substantial fall in prices, said Randy Shumway, chief executive officer with The Cicero Group/Dan Jones and Associates, which complied the data.

Jasen Lee

Twitter: JasenLee1

Copyright 2015, Deseret News Publishing Company