Housing Costs Fuel Jump in Core US Inflation The August US Consumer Price Index (CPI) report revealed an unexpected uptick in underlying inflation, primarily driven by rising shelter costs. Core CPI, which excludes food and energy, increased 0.3% from July and 3.2% year-over-year, surpassing economist expectations. Shelter prices, particularly owners’ equivalent rent, saw significant gains, contradicting predictions of a slowdown. While overall inflation eased to 2.5% annually, the persistence of housing-related inflation and increases in categories like airfares offset declines in energy and used vehicle costs. This report has implications for the Federal Reserve’s upcoming policy decision, with investors now anticipating a potential quarter-point rate cut. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts CNA- Money Mind: What's Driving Up Gold Prices Despite A Strong US Dollar & Stock Market? READ MORE Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE Vance Supports Trump's Call for Presidential Influence Over Fed READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE Study Reveals Shift from Stocks to Sports Betting READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment