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  • Alex Pettee, CFA

Core CPI Comes In Warm, Higher Rents To Blame

CPI inflation

Core CPI came in at 1.8% in December, rising modestly from 1.7% in November. Despite oversupply issues in some multifamily markets, higher rents continue to explain the majority of the upward pricing pressure in the economy. Core CPI ex shelter remains just 1.0%.

Rent Growth Inflation