Heterodox
– by New Deal democrat The CPI for July continued all of the trends I have been writing about for the past year or more: – Headline and core CPI continue to slowly decelerate. – energy inflation is non-existent – shelter inflation remains very elevated but continues to declerate, following house prices. – all prices except for shelter coming in near or below the Fed’s 2% target – there are a few other problem children that...
Read More »For July, “The index for shelter … accounted for nearly 90 percent of the [otherwise sleepy] monthly increase”
