The Prospects for Less Inflation in the US

The PPI index, and the PPI index typically leads to consumer price index. So rents are now also declining in the CPI. We've noticed how they've declined earlier in real time but the CPI lacks to turn its survey based nature on rents. Right about every cost category actually, they're accelerated in a very compelling way. I think this is the first really truly solid report when it comes to the hopes for less inflation in the US.