The U.S. Bureau of Labor Statistics has recently released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.2% increase in July 2024. Over the past 12 months leading up to July, the index has risen by 2.9%. One significant contributor to this increase was the 0.4% rise in the shelter index in July, marking the sixth consecutive month of increases and accounting for nearly 90% of the overall monthly increase in the all items index.
For more detailed information, you can view the full release on the Bureau of Labor Statistics website by clicking here.
The report on inflation up by 2.9% year-over-year can be found on Real Estate Investing Today’s website.
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