While Venezuela has an inflation rate of over 2,000%, the US has an inflation rate of 0.4% for August 2017 (and 1.9% YoY).

According to the Bureau of Labor Statistics (BLS), Energy led the US inflation in August with gasoline at 6.1% MoM growth (and 10.4% YoY growth).

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But among the non-energy items, shelter leads the way with an increase of 0.5% MoM (and 3.3% YoY).  The fastest growth rate in shelter since 2005 and the house price bubble.

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Rent of primary residence rose 0.4% MoM while Owners’ equivalent rent of residences rose 0.3% MoM.

Actually, motor vehicle insurace was the greatest gainer in August.

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Whip that inflation! 

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