In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses personal income and consumption.
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses the consumer price index.
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims, the consumer price index and housing starts.
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses core price inflation.
Water Bills Rising but Phone Bills Falling
The monthly consumer price index (CPI) produced by the Bureau of Labor Statistics can provide important trends related to housing costs aside from mortgage and rent. For example, you are not the only person to be fuming over the water bill. The combined cost of water/sewage/trash collection has been rising at 5 to 6 percent annually for eight straight years. The latest monthly data shows a 0.5 percent jump in a single month, translating into a 6.3% annualized rate.
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