Another good number ... dropped a full percent year over year, too. https://www.cnbc.com/2023/04/11/stock-market-today-live-updates.html
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold The positive number is still largely driven by shelter, even though real time rents have actually been flat or declining. Overall this bodes well for the future, although we may see a modest spike in energy going forward.
https://www.rent.com/research/average-rent-price-report/ If you look at monthly rents, using this source, they peaked about Oct 2022 and have come down about 10%. I’d assume these are new rents. It would follow that CPI would lag about 6 months or so, which would mean we may start to see a stabilization or even decline in cpi housing in the coming months.
No where did I state YOY except to not (on the other retail recession thread), that it had declined from 9% to 5% (including food and energy)
It’s lower largely on decreases in energy prices …… but retail gas prices have increase 4% during the first half of April.
Yeah, I think we would all like to see inflation cool off, but it's too early to put the champaign on ice.
I don’t think that is correct. Inflation up 5% compared to February 2022 no impact from energy and food. Housing was up 8% over the last year though which is baked into the 5%.
I haven’t noticed this, though Food prices ease for the first time since 2020. Here's what's getting cheaper | CNN Business
Obviously anecdotal, a few days ago I paid $2.99 for a dozen eggs. Not that long ago they were priced at $4.99 at the same store. Ironically the price of eggs for the name brand (Eggland's Best) was lower than for the house brand at the time.
Retail gas prices customarily increase at this time of the year as refineries shut down on a rotating basis as refiners shift gasoline from its winter formulation to its summer formulation. The summer formulation is also more expensive than the winter formulation.