Search
  • Metro East REIA

Inflation Hits 8.5%, Drops Slightly

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 1.3% in July, 2022. However, the all items index was up 8.5% for the 12 months ending in July. Interestingly, the BLS says the gasoline index fell 7.7% in July and offset increases in the food and shelter indexes, which resulted

in the all items index being unchanged from the previous month. Continue reading HERE...

0 views0 comments

Recent Posts

See All

The U.S. government is reporting that privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,575,000, which is 12.2% higher than July’s revised number and 0.1% lower t

The NAHB’s Eye on Housing recently crunched the numbers from the most recent BLS Producer Price Index, where they found building materials prices have climbed 4.9% through the first eight months of 20