htmlOn July 26, an apartment rental advertisement was posted in New York City, USA, and rents in New York have increased significantly. (Data photo) Overseas Network, October 13, According to Bloomberg's report on the 12th, the United States is scheduled to release the consumer price index report for September on the 13th. Economists currently estimate that the U.S. core inflation indicator (CPI) in September will return to its 40-year highest level because the rise in rents and housing prices is difficult to curb.
Economists estimate that the U.S. core consumer price index , which excludes food and energy prices in September, is expected to rise 0.4% from the previous month, up 6.5% from the same period last year, tying the highest record in 40 years since 1982 set in March this year. About one-third of economists interviewed by Bloomberg estimate that the core CPI data will reach 6.6% or higher.
This report will also show the significant impact of housing prices on inflation. Housing prices account for about 1/3 of the overall CPI , accounting for a larger proportion of core CPI. The rise in rent and home selling prices in the past two years has slowly affected the CPI data of the U.S. Department of Labor. Both rent and home selling prices in the United States increased by 0.7% in August, the largest annual increase since 1986. Economists estimate that the two indicators will rise another 0.7% in September. Research predicts that the annual growth rate of major housing prices will not peak until later in the second half of next year. (Overseas Network Hou Xingchuan)
Source: Overseas Network
