Highest Rent Inflation Since 2007 Sends Core CPI Above Fed’s Target For 14th Consecutive Month | Zero Hedge

US headline inflation rose for a 5th consecutive month, and has not seen a negative print since February, following today’s report that CPI in December rose 0.3%, and up 2.1% from a year ago, the highest since June 2014. Rent inflation rose 4.0% in December, the highest annual increase since December 2007, pushing shelter inflation up 3.6% Y/Y.

Source: Highest Rent Inflation Since 2007 Sends Core CPI Above Fed’s Target For 14th Consecutive Month | Zero Hedge

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