Washington, DC—(ENEWSPF)—August 10, 2018
By: Dean Baker
Rising rental costs accounted for almost 60 percent of the inflation reported for July.
Rising rents are becoming an evermore important factor in inflation. The shelter component of the Consumer Price Index (CPI) rose 0.3 percent in July and accounted for almost 60 percent of the 0.2 percent inflation reported for the overall index in the month. The core index, which excludes food and energy, also rose 0.2…
