One-time special factors and ongoing sticky shelter and service prices combined to cause an increase of 2.6% in the consumer price index in October. … READ MORE >
housing inflation
Existing home sales exceed forecasts as prices jump
There were 4.38 million existing homes sold in February, up by 9.5% from a month ago, the National Association of Realtors reported on Thursday. … READ MORE >
December CPI: Sticky service and housing prices illustrate the difficult last mile in inflation fight
Despite a three-month annualized top-line inflation pace of 1.8% and a six-month rate of 3.3%, prices in the service sector, which comprises 62% of the overall index, increased by 5% on a year-ago basis. … READ MORE >
When will inflation slow? Pay attention to housing.
We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components. … READ MORE >