Thanks imi. The report also showed CPI was pressured higher due to increse in rents (0.3%), medical care (0.4%) and car insurance (1.3%). Bottom line imo and others, a little bit of inflation isn't a bad thing versus the significant disinflation we went through from 2009 and beyond period (and crash of commodities). As long as this heats up moderately things should be ok. But it may really tighten up those younger folks seeking a condo or even single-detached home. I believe homes prices will slump a bit due to tax bill and rising mortgages. Bound to happen.
Other items contributing to the gain in CPI included rents and owners’ equivalent rent, which both rose 0.3 percent from December; medical care, up 0.4 percent; and motor vehicle insurance, which advanced 1.3 percent, the most since 2001.
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