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US Inflation Report Warm, But Too Ambiguous To Alter Narratives
Inflation in the US was quicker than expected in December, data released on Thursday showed.
The headline, all-items gauge rose 0.3% last month from November, as shelter prices kept rising and increases on the electricity and gasoline indexes offset a decline in natural gas prices to push up the energy gauge. Shelter costs were to blame for more than half of the month-to-month uptick on the headline.
Core prices rose an as-expected 0.3% (0.3091% unrounded), but on a YoY basis, the underlying m
While this data shows shelter costs rising, other data out on 1/11 shows average offered rent declining to $1717/mo. At 30% of income that rate implies that an income of $68k will suffice to handle this level of rent. That seems at least within reason.