Reported about 2 months ago
The July Consumer Price Index report showed an increase in shelter costs, climbing 0.4% month-over-month, contributing nearly 90% to the overall inflation rise. Despite expectations of easing rent inflation, both rent and owners' equivalent rent rose, raising concerns among economists about persistent housing cost pressures. Observers indicate that while shelter inflation may eventually decline, it may take significant time to reflect on standard inflation measures.
Source: YAHOO