Inflation and Housing Costs

SOURCE www.breitbart.com
Shelter prices continued to climb rapidly in May, with rent index up 5.3% YoY. Home prices and rents rising in a higher interest rate environment. Energy prices fell in May while grocery prices remained flat.

Key Points

  • Rent index rose 0.4% for the second consecutive month
  • Owners' equivalent of rent up 5.7% compared to last year
  • Public dissatisfaction with inflation and economic policies
  • Energy prices fell by 2% in May

Pros

  • Provides insight into the continuing rise in shelter prices
  • Highlights the impact of inflation on housing costs

Cons

  • Limited information on specific policy implications
  • Does not delve deep into the root causes of the housing cost increase