TBX - January 2019 CPI Inflation
Non-shelter inflation came in relatively close to the Fed target this month, preventing non-shelter Core CPI inflation from declining too far as the hot January 2018 figure dropped off the back end. Core non-shelter inflation fell from 1.5% to 1.4%. Shelter inflation is holding up at about 3.2%.
So, we continue along at low rates of non-shelter inflation that aren't disruptive, in and of themselves, but if they decline, will probably find accommodation to be tardy because of the supply-heightened shelter inflation. The same story that has been the case for several years, really.
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