Consumer Price Index: Difference between revisions

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==== Rents ====
==== Rents ====
Rent prices ticked up for the sixth straight month, but rent growth over the course of 2024 as a whole remains modest, signaling ongoing sluggishness in the market. And while month-over-month rent growth remains positive, it is decelerating. Prices increased just 0.2% in July and today the nationwide median rent stands at $1,414. It is very possible that rent growth will turn flat or negative in August, and stay there for the remainder of the year.<ref name=":04">https://www.apartmentlist.com/research/national-rent-data?utm_source=twitter.com</ref>
{| class="wikitable"
*Rents are up 0.2% month-over-month, down 0.8% year-over-year
! rowspan="2" |Date<ref name=":02">https://www.apartmentlist.com/research/national-rent-data?utm_source=twitter.com</ref>
*Through July, our vacancy index sits at 6.7 percent, the highest reading since August 2020.
! colspan="3" |Overall
*ationwide rent growth was positive in July 2024, so too was it positive in the majority of large cities across the country; 72 of the nation’s largest 100 cities saw prices rise month-over-month.
! colspan="3" |1 Bedroom
! colspan="3" |2 Bedroom
|-
!Rents
!M/M
!Y/Y
!Rents
!M/M
!Y/Y
!Rents
!M/M
!Y/Y
|-
|8/1/2024
|1412
| -0.14%
| -0.77%
|1241
| -0.08%
| -0.72%
|1398
| -0.07%
| -0.71%
|-
|7/1/2024
|1414
|0.28%
| -0.77%
|1242
|0.24%
| -0.80%
|1399
|0.21%
| -0.78%
|-
|6/1/2024
|1410
|0.36%
| -0.77%
|1239
|0.41%
| -0.80%
|1396
|0.43%
| -0.78%
|-
|5/1/2024
|1405
|0.57%
| -0.71%
|1234
|0.57%
| -0.72%
|1390
|0.51%
| -0.79%
|-
|4/1/2024
|1397
|0.58%
| -0.71%
|1227
|0.57%
| -0.73%
|1383
|0.58%
| -0.72%
|}
 
=== 5. Food Prices ===
=== 5. Food Prices ===
Past Developments: [[Food Market]]
Past Developments: [[Food Market]]
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CPI food at home prices are highly directionally correlated to on a 6-month lagged basis.
CPI food at home prices are highly directionally correlated to on a 6-month lagged basis.
{| class="wikitable"
{| class="wikitable"
! Date<ref name=":03">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
!Date<ref name=":05">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
! colspan="3" |Food Price Index
! colspan="3" |Food Price Index
!Meat
!Meat
!Dairy
!Dairy
!Cereals
!Cereals
!Oils
! Oils
!Sugar
!Sugar
|-
|-
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!Index
!Index
!Index
!Index
|-
|2024-08
|120.7
| -0.26%
| -1.08%
|119.5
|130.6
|110.1
|136.0
|113.9
|-
|-
|2024-07
|2024-07
|120.8
|121.0
| -0.18%
| -0.10%
| -3.06%
| -2.83%
|120.4
|127.9
|110.7
|135.0
|119.5
|119.5
|127.7
|110.8
|135.0
|120.2
|-
|-
|2024-06
|2024-06
|121.0
|121.2
|0.27%
|0.43%
| -1.75%
| -1.60%
|118.0
|118.6
|127.9
|127.9
|115.2
|115.2
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|117.1
|117.1
|-
|-
|2024-04
| 2024-04
|119.3
|119.3
|0.28%
|0.28%