New York

Inflation storm from shelter

The upward pressure that housing costs have put on inflation can now probably be safely ignored. If you have nothing but rent.

The Labor Department reported on Thursday that: Consumer price hike Seasonally adjusted, September was 0.4% higher than August, 8.2% above the previous year’s level. Core prices, which exclude food and energy items to better track inflation trends, rose 0.6% m/m and 6.6% y/y. Both headlines and key metrics beat economists’ estimates. crush any remaining hope Federal Reserve policymakers are likely to raise the rate by 0.5 points, not 3/4 points, again at its next meeting in November. Inflation storm from shelter

Back to top button