<div id="readability-page-1">Local costs climb: Hawaii’s cost of living is about 25% above the U.S. average, with housing costs driving inflation and borrowing rates rising. Global shocks bite: The Iran conflict has disrupted oil flows, lifting global fuel prices and feeding into higher costs for goods and services. Business strain grows: Small businesses face closure amid high costs and uncertainty, with calls for residents to support local enterprises.</div>

<p>Hawaii's cost of living is 25% above the U.S. average, driven by rising housing costs and borrowing rates. Global issues, particularly the Iran conflict, have disrupted oil flows, increasing fuel prices and overall costs. Small businesses are struggling, facing potential closures, prompting calls for local support.</p>

- Hawaii’s cost of living is approximately 25% higher than the U.S. average, mainly due to rising housing costs and borrowing rates.  
- The Iran conflict has disturbed oil supplies, causing global fuel prices to rise and increasing costs for goods and services.  
- Small businesses are struggling with the impact of high costs and uncertainty, prompting appeals for local support.

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Hawaii faces worsening inflation as global pressures mount