Reported 3 days ago
The latest Consumer Price Index reveals that housing costs moderated in November, with shelter costs rising only 0.3% compared to 0.4% in October. This marks the smallest annual increase since early 2022. Experts view this as a positive development in the fight against inflation, although the shelter component still contributed significantly to overall CPI growth. Economists caution that the slowdown may not fully reflect the current rental market conditions, suggesting potential rent increases next year due to decreased construction of apartments.
Source: YAHOO