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October 19, 2022

Shelter prices continued higher in August, keeping the Consumer Price Index elevated.

The Consumer Price Index accelerated 0.39% m/m with Shelter leading the way, contributing 0.24% to the total m/m increase. On a y/y basis, the headline CPI decelerated modestly from last month’s pace to 8.22% from 8.25%. Shelter contributed 2.18% of the total y/y increase, its tenth consecutive month making a new all-time high contribution. Source:...
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