Reported 7 months ago
Shelter costs, composing one-third of the Consumer Price Index (CPI), rose by 0.4% month-over-month and 5.4% year-over-year in May. Yahoo Finance's Dani Romero discusses the latest shelter data and the ongoing disinflation process in the housing market amidst cooling inflation. With shelter representing a significant portion of the CPI, the components of owner equivalent rent and rent are closely monitored by economists, with recent data showing a 0.4% gain and a 0.3% rise, respectively, while trends indicate a slower increase in rent prices due to increased supply in the market.
Source: YAHOO