Inflation Ticks Up as Housing Costs Rise

BY  ON JANUARY 26, 2024

Infographic: We recently posted the latest inflation numbers, where we saw that the index for shelter was the largest factor in the monthly increase in the index – contributing over half of the monthly all items increase. Click here to read more.

Today’s graphic from Statista illustrates the uptick in inflation along with rising housing costs.  Stay safe and have a Happy Friday!!!

“Due to its weight in the Consumer Price Index, the cost of shelter continues to be a major driver of inflation. Rents and owners’ equivalent rents of residences increased 6.5 and 6.3 percent year-over-year in December, respectively, as the index for shelter climbed for the 44th consecutive month…”

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  • Hamza Ashfaq
    published this page in Updates 2024-02-01 05:49:03 -0700