In October 2023, Housing Costs Continue Their Rise At Nearly 3.5X Faster Than Targeted Inflation Rates Of 2% Despite Consistent Marginal Drops In Gasoline Costs According to US Bureau Of Labor Statistics.
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With housing costs rising at an annual rate of 7.2%, which is over 3.5X the national target for inflation as set by the Federal Reserve and national priorities.
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Inflation In August 2023 rolled on at more than 150% the Long Established Target of 2% Annually Led By Housing and Transportation Services.
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In July, inflation maintained a 3.2% annual rate of across the board price hikes with rising housing costs accounting for an astounding 90% of overall inflation for the month.
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Inflation Softens In July To An Overall 12 Month Rate of 3.0% - Still 50% Higher Than Fed Target. Led by housing rates as it has been for much of the last 28 months, the consumer price index continued its stubborn 30 month climb.
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Inflation In May Ticks Up Slightly But Maintains An Annual Rate of 4% - Twice Fed Target
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Driven by a blistering 8.1% annual rate of price increases for shelter, the overall consumer price index in April 2023 increased by .4% to post an annual rate of 4.9% according to the US Bureau of Labor Statistics.
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