Gimme (Expensive) Shelter: 11th Straight Month Of Core CPI YoY Of 2% And Higher

by Anthony B. Sanders
Anthony B. Sanders’ Blog

Well, today’s release of consumer price indices revealed that … this is the 11th straight month of core CPI (less energy and food) on 2% of higher.

[…] And in terms of rent (as in owner’s equivalent rent of residences), this is 54 straight months of 2% and higher growth in rent.

[…] In terms of effective apartment rents, they have risen rapidly since peaking in 2008.

[…] Gimme (expensive) shelter!

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