Shelter Inflation Hits Record High As Americans' Real Wages Drop For 32nd Straight Month..How long can you Last?
Shelter Inflation Hits Record High As Americans’ Real Wages Drop For 32nd Straight Month‘
It just gets worse.
The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing. The food index increased 0.4 percent over the month with the food at home index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and fuel oil indexes both declined.
Look at how rent continues to climb.
The costs of putting a roof over your head remains a critical factor for The Fed to deal with: Feb Rent Inflation 8.76% YoY, up from 8.56% In Jan; highest on record Feb Shelter Inflation 8.10% YoY, up from 7.88% in Jan; highest on record
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