Inflation & Prices
Tenacious US Inflation Reaches Past Housing and Proves Hard to Tame
- CPI excluding food, energy increased by most in five months
- Excluding housing and energy, services costs climbed 0.5%
A sign advertising apartments for rent in San Francisco.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
Wall Street may be grappling with financial fallout from a new banking crisis, but the beast of persistent and elevated US inflation is proving tough to tame.
Underlying consumer-price growth accelerated in February, with Americans continuing to experience the sting of rising rents and sticky prices for services. Over the past year, a key housing category — which includes everything from actual rents to what a homeowner would charge in rent to hotel stays — climbed a record 8.2%.