Housing Costs are the Leading Increase in Inflation
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. The all items index was up 6% for the 12 months ending in February. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items [...] The post Housing Costs are the Leading Increase in Inflation appeared first on Real Estate Investing Today.
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. The all items index was up 6% for the 12 months ending in February. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70% of the increase.
Click here to read the full report at the Bureau of Labor Statistics.
The post Housing Costs are the Leading Increase in Inflation appeared first on Real Estate Investing Today.
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