We recently posted the latest inflation numbers, where we saw that the index for shelter was the largest factor in the monthly increase in the index – contributing over half of the monthly all items
increase. Today’s graphic from Statista illustrates the uptick in inflation along with rising housing costs. Stay safe and have a Happy Friday!!!
“Due to its weight in the Consumer Price Index, the cost of shelter continues to be a major driver of inflation. Rents and owners’ equivalent rents of residences increased 6.5 and 6.3 percent year-over-year in December, respectively, as the index for shelter climbed for the 44th consecutive month…”