Shelter and Gasoline Inflation

Shelter inflation is starting to show signs of easing, with the year-over-year reading dropping to 5.7% from the March 2023 high of 8.2%. Still, shelter inflation was responsible for 60% of March’s total monthly increase, driven primarily by rising rents and owners’ equivalent rent.

My comment other than gasoline and primarily shelter we do not have a problematic inflation in the economy.