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“The most disappointing aspect of this report was the shelter data,” Omair Sharif, founder of the research firm Inflation Insights, wrote in a note after the report.
The consumer price index rose 0.3% for the month after a 0.1% uptick in May, while the annual rate came in at 2.7%, up from 2 ...
Services inflation, especially rent and shelter inflation, continued to decline, offsetting rising core goods inflation that ...
The latest federal data show the CPI increasing 2.7% over the previous 12 months, outpacing the 2.4% May figure and raising ...
What’s more, businesses stockpiled inventory in advance of the deadline and Customs and Border Protection allows many importers to delay payments for up to a month and a half. Hence, many forecasters ...
The Consumer Price Index increased from 2.4% in May to 2.7% in June year-over-year, according to the Bureau of Labor ...
The yearly increase in shelter prices has decelerated steadily from a 40-year high of 8.2% in early 2023. Still, the cost of shelter is rising faster than it did before the pandemic in 2020.
Omair Sharif, president of research firm Inflation Insights, said he doesn’t think so. ... Rent and other shelter prices went up 0.3% from October to November.
The prices for food at home rose 0.3 in June, while food away from home, meaning restaurants, ticked up 0.4% on a monthly basis. Notably, the Trump administration has recently imposed a 17% tariff on ...
The good news on housing is that inflation in the sector remained steady last month. That’s the bad news as well. The index for shelter rose 0.3% in May for the second consecutive month ...
The yearly cost of shelter also held steady at 4.0% for the second month in a row. Shelter represents about one-third of the CPI - no surprise since it's by far the biggest expense for most Americans.
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