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Colorados Feel the Pain of Inflation, Make Compromises on Food and Travel

2022 began in Colorado with employees at King Soopers grocery store from Colorado Springs to Denver voting to strike. The workers did it, got a ton of public support, and ended up with a new contract that would raise the wages of some workers by $5 an hour for the next three years.

It was the start of an intense year of efforts to unite unions across Colorado, from the vote of nurses in Longmont to the formation of a union, a rally of teachers at the New America School in Lakewood, and state employees who received expanded collective bargaining rights. And then there’s Starbucks, where half a dozen stores in Denver and Colorado Springs have also applied. Now there are problems as workers at three stores claim retaliation from their employer.

But, first, inflation cannot be ignored. What’s Working readers are feeling the pain of higher prices, including higher gas prices. againaccording to respondents to last week’s poll question: Are you better or worse? Almost 50% answered worse, and 38.5% answered “same”. A low 15.4% said “Better”.

It was a very small survey with more than two dozen participants, such as What’s Works readers concerned about their economic future. But what is the reason that this year is better than last year? “Legacy,” said one person who lives in Washington Park.

However, for the most part, the respondents were more like Greg Rogers, a Westminster resident who touched on the higher cost of living due to rent, gas and food prices.

“For groceries, bargain shopping and eating less meat,” Rogers said. “I moved from Superior to Westminster to reduce the impact of an 18% rent increase and reduced my cable choice. I go errands and shopping to save on gas.”

Nationwide, consumer goods prices in urban areas rose 8.6% in May from a year ago, the Bureau of Labor Statistics said Friday. Broken down by category, household food spending rose 11.9%, while all energy costs rose 34.6%. Not surprisingly, gasoline and motor oil posted the highest growth, up 48.7% and 106.7% respectively.

In the Denver area, prices rose 8.3% in May, slightly less than the national increase and lower than in April, when prices rose 9.1%. The May figure includes a 9.8% year-over-year increase in food prices (and a 3% increase since March), a 33% increase in gas prices and a 5.5% increase in electricity prices. Excluding food and energy, Denverites as a whole grew by 7.1%, mainly due to higher rents (up 7.4%), medical care (up 10.3%) and the purchase of a used car or truck (up 18.9%).

That puts Colorado slightly lower than the U.S. in May, and that could be because prices are rising faster in the state than anywhere else, said Stephen L. Byers, senior economist at the Common Sense Institute, a conservative economic think tank. in Greenwood Village.

“One possible explanation is that Colorado came out of recession faster than the country as a whole, and that this accelerated price pressures as Colorados returned to…

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