August CPI: Shelter Inflation Fastest Since 2015 And The Home Price Bubble

Jon Economy

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
While Venezuela has an inflation rate of over 2,000%, the US has an inflation rate of 0.4% for August 2017 (and 1.9% YoY).
According to the Bureau of Labor Statistics (BLS), Energy led the US inflation in August with gasoline at 6.1% MoM growth (and 10.4% YoY growth).
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But among the non-energy items, shelter leads the way with an increase of 0.5% MoM (and 3.3% YoY). The fastest growth rate in shelter since 2005 and the house price bubble.

This post was published at Wall Street Examiner on September 14, 2017.