Feeling Hot, Hot, Hot!

The Actual Consumer Price Index (CPI) hits the 50th month of All Time Highs!

Akin Investments Feeling Hot, Hot, Hot

The latest Consumer Price Index (CPI) report revealed one category where inflation continues to be stubbornly sticky: housing costs. Wednesday’s data from the Bureau of labor Statistics showed that shelter costs ticked up 0.4% month over month in July, higher than June's 0.2% rise. Housing inflation accounted for nearly 90% of the monthly increase in CPI in July.

Look at CPI actual index, it was at an all time high last time at 314.175 this time 318.872

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