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US DATA: Key CPI Rent Series On Balance Close To Expectations

US DATA
  • OER: 0.31% M/M (analyst av. 0.33, range 0.28-0.39) in Dec after a surprisingly soft 0.23% M/M in Nov.
  • Primary rents: 0.31% M/M (analyst av. 0.28, range 0.24-0.32) in Dec after 0.21% M/M in Nov.
  • The weighted average of 0.31% M/M compares with the 0.23% from November, the first time since Apr 2021 that monthly rental inflation was below the 0.27/0.28% M/M averaged pre-pandemic. 
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  • OER: 0.31% M/M (analyst av. 0.33, range 0.28-0.39) in Dec after a surprisingly soft 0.23% M/M in Nov.
  • Primary rents: 0.31% M/M (analyst av. 0.28, range 0.24-0.32) in Dec after 0.21% M/M in Nov.
  • The weighted average of 0.31% M/M compares with the 0.23% from November, the first time since Apr 2021 that monthly rental inflation was below the 0.27/0.28% M/M averaged pre-pandemic. 
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