CPI Housing Costs Remain Elevated, Industry Data Disagrees, Here’s Why

January Consumer Price Index inflation came in at 6.4% annually for all items and 5.6% once food and energy are stripped out. That’s the smallest annual increase since 2021. However, the month-on-month change in prices for January 2023 from December 2022 was 0.5% and may be a concern for the Fed.…

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