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Tag: housing inflation

  • Macroeconomics

Inflation Remains Sticky Despite Easing Housing Costs

Fan-Yu KuoDecember 11, 2024December 11, 202406 mins

Inflation picked up to 2.7% in November, while matching expectations, the last mile to the Fed’s 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third…

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