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“Housing is still a big piece of inflation,” Neel Kashkari, president of the Minneapolis Fed, said in an interview with CNBC last week. “We have a lot of confidence looking at the new leases.
Here’s a peek into how inflation affects the housing market. The housing market and inflation The shelter category, which includes housing costs, continues to be a major contributor to the CPI ...
When adjusted for inflation, consumer spending rose 0.3% after edging up 0.1% in October. The so-called real consumer spending is running at an annualized rate of 3.1% in the first two months of ...
Housing inflation continued to be sticky last month. The shelter component of the Consumer Price Index (CPI) increased 0.4% in November from the previous month, up from October's 0.3% monthly gain.
Meanwhile, owners' equivalent rent also showed deceleration, falling 0.2% for the month, down from October’s 0.4% gain and marking the slowest monthly gain since April 2021.
To make sense of the pain and confusion associated with today’s housing market, economists have drawn on decades past. ... ($227,000 inflation-adjusted), according to NAR, but in 2023 it was ...
Housing costs are still a key driver of inflation, according to the latest data from the Bureau of Labor Statistics released Wednesday, even as the residential market stabilizes.. The shelter ...
"We're clearly past peak inflation on the housing front with shelter cost inflation showing a gentle easing from 8.2% year over year in March to 7.7% year over year in July," EY-Parthenon senior ...