Reported about 1 year ago
According to May's Consumer Price Index, housing inflation remains stubbornly high as shelter costs have increased 0.4% month over month in the past four consecutive CPI prints, with rent and owners' equivalent rent up 0.4% in May. Despite overall positive market reactions to the report, experts are still waiting for rent increases to slow down, anticipating potential downside risks ahead with the potential reacceleration of rents, posing another obstacle for the Federal Reserve's inflation management efforts.
Source: YAHOO