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Consumer Price Index: Difference between revisions
→4. Housing Market
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*Home prices have started to decline since July 2022<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref>, but due to the lagging shelter CPI data, this will start to be reflected in CPI until the second half of 2023. | *Home prices have started to decline since July 2022<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref>, but due to the lagging shelter CPI data, this will start to be reflected in CPI until the second half of 2023. | ||
*The S&P CoreLogic Case-Shiller | *The S&P CoreLogic Case-Shiller rose a non-seasonally adjusted 0.2% month-over-month in February of 2023 | ||
*The S&P CoreLogic Case-Shiller | *The S&P CoreLogic Case-Shiller \edged up 0.4% yoy in February 2023, the smallest increase since 2012, compared to a 2.6% rise in January, and market forecasts of a flat reading. | ||
*Mortgage financing and the prospect of economic weakness are likely to remain a headwind for housing prices for at least the next several months. <ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-yoy</ref> | |||
=== 5. Food Prices === | === 5. Food Prices === | ||