January CPI data comes in hotter than expected
Rising housing and hotel prices deliver CPI surprise. Just how real is it?
The cost of shelter - rents, homes and hotels - is one of the chief obstacles to the Federal Reserve's goal of driving U.S. inflation down to 2%.
Shelter costs jumped 0.6% in January and bore the biggest responsibility for a stiffer rise in the consumer price index than Wall Street had expected.
How believable was the increase? That's a different story.
"Housing costs contributed significantly to …