The most recent information regarding inflation (Nov 2023)

Written By Dave Parish

In November, U.S. inflation continued to slow, indicating the effectiveness of the Federal Reserve's rate hikes. The Consumer Price Index (CPI) rose 3.1% year-over-year, slightly down from October's 3.2%, but above the Fed's 2% target. Core inflation remained steady at 4%, with energy prices, particularly gas, dropping significantly. The shelter index, a major contributor to overall inflation, grew by 6.5%, its slowest in over a year. Excluding shelter, consumer prices increased by only 1.4% annually.

Source: RealPage and CRE Daily, December 13, 2023

Dave Parish
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