November 17, 2010
Rent and owners’ equivalent rent, which together compose 40 percent of the core Consumer Price Index, rose 0.1 percent in October. Over the last six months, each has run at a 0.6 percent annualized rate of inflation while core, nonshelter prices rose at a 1.0 percent annualized rate. This very low rate of inflation in rent prices has been very consistent for a year and a half now. Rent prices have not moved more than 0.1 percent in either direction since March of last year.
Read the full Prices Byte.