The consumer price index is a weighted average collection of the prices of common goods and services. Changes in the CPI over time are used to estimate the rate of inflation.

Shelter prices, which comprise about one-third of the CPI weighting, rose by 0.3% but were up 4.6% from a year ago, the smallest one-year gain since January 2022.

He estimated that in February, 90 points of the 100-basis-point difference between the annual PCE and CPI readings was attributable to the higher weight housing has in the CPI.

CPI Deflationary; Full-Time Employment Swoons; ... And so, over the next few quarters, rents, with more than a third of the CPI weight, will continue to push the index lower.

The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%. The annual number was in line with forecasts. Core CPI annual rate was 3.2% ...