Inflation and the Housing Market: Decoding the Latest Numbers

Bankrate.com, July 11, 2024–Jim Probasco
While inflation may be headed in the right direction overall, the shelter category, which includes housing costs, has remained stubbornly high. Shelter continues to be a major contributor to the CPI’s monthly all-items increase, rising 0.2 percent from last month and 5.2 percent year-over-year. However, the increase in the shelter index was offset by a decrease in the gasoline index.
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