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Inflation: ARPA park project in Billhead City increases by $550k | Local News Stories

The Mojave County Board of Supervisors has approved the use of $650,000 in funding under the U.S. Relief Plans Act to build a new facility for Bullhead City’s Community Park in 2021. Now the cost of that project has almost doubled due to inflation.

National inflation peaked at 9.1% in June and eased to 7.7% in November, according to Forbes’ December report. This inflation has been attributed to factors such as supply chain problems, post-pandemic business growth, OPEC supply cuts, and sanctions against Russia, one of the world’s three oil exporters after its invasion of Ukraine in February. I’m here.

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