Shelter played a key role in January’s higher-than-expected consumer price index. A dwindling supply of apartments could add to that effect.
While shelter costs are up from last year, according the consumer price index, other data shows rents have been falling in some metro areas.
Ticket prices rose 10.3% in the last year. The seats are plush, the resale market has grown and dynamic pricing extracts more money from fans.
The September CPI showed inflation slowing to 2.4% annually, but consumer sentiment hasn’t yet rebounded to pre-pandemic levels.
Airline tickets and eating out cost more in August than July. But price gains are easing in other previously sticky industries.
Chicago Fed President Austan Goolsbee talks the latest CPI release and what it means for the Fed’s continued fight against inflation.
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.
Fuel costs are down but may rise again soon.
To make the CPI’s health care component more accurate, the Bureau of Labor Statistics changed how it uses health insurance data.