Research

Featured topics:

1. Inflation
2. Inflation Reduction Act Impact On CRE
3. Stagflation Risk To CRE
4. Surging Retail Inventories
5. Jobs Report
6. Law Firm Leasing Activity
7. Cap Rates
8. Investment Volumes
9. Loan Maturities
10. Adaptive Reuse On The Rise

1. INFLATION

• The Consumer Price Index (CPI) rose by 8.5% year-over-year through July, but remained flat from the month before, according to the Bureau of Labor Statistics. It was the first time that inflation hadn’t increased on a month-over-month basis since May 2020.

• A 7.7% decline in gasoline prices in July helped alleviate pressure on the broader index, while an increase in food and shelter offset some of that movement. Food costs rose by 1.1%, the seventh consecutive monthly increase of 90 bps or more.

• Other declines were seen in airline fares, used cars and trucks, communication, and apparel.

• Core CPI, which removes food and energy prices from the calculation, rose 30 basis points, the smallest increase in four months. Core CPI is up 5.9% year-over-year

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