Dow leads stocks low as hot inflation data pushes up hopes for pushback rate reduction

The latest Consumer Price Index (CPI) Housing inflation was featured every January, indicating that it reversed the easing trend seen in the previous month.

Data from Labor Statistics Bureau Shelter costs rose 0.4% in January compared to the previous month, indicating higher than the monthly 0.3% increase in December. Prices rose 4.4% each year from the previous year in January. 4.6% in December The smallest 12-month increase since January 2022.

“As we saw until 2024, shelter inflation will continue to take some time to return to reasonable levels,” Vanguard’s senior US economist Josh Hirt said in an email after the release.

The rent index rose 0.3% in January, matching the pace in December to 0.3%. Meanwhile, the owner’s equivalent rent prices increased by 0.3% that month, as they remained unchanged from the 0.3% increase in January. The owner’s equivalent rent is the estimated rent paid by the homeowner if he or she is owing his or her property.

Meanwhile, after a 0.5% drop in December, accommodation facilities that left the home index rose 1.4% in January, while household insurance accelerated by 1.1% last month.

“We continue to retain the view that shelter inflation will ultimately ease during 2025,” Hart added.