Inflation Dropped to 4% in May—But the ‘Biggest Risk' Is That Core Inflation Prices Will Remain
Article Excerpt: "..."The journey to 2% inflation has been stuck in a holding pattern," says Greg McBride, chief analyst at Bankrate, citing core prices that have risen steadily for several months. This "sticky" core inflation is the result of "an imbalance between demand and supply," with too many dollars chasing too few goods, says McBride. ...Shelter costs account for nearly a third of the CPI, and rose by 0.6% in May. ...other housing-related expenses like property insurance, maintenance and property taxes are still rising, says McBride. "
Resource: www.nbcnewyork.com