US consumer price inflation slowed a little in September to 0.4 per cent.
Over the year inflation was still a little high, at 3.7 per cent (the same reading as in August).
After two long years, inflation for shelter is now finally set to ease, which should to push core inflation lower over the months ahead as rents ease.
In September, core inflation fell to the lowest level in two years at 4.1 per cent, with further declines likely ahead.
Source: Bureau of Labor Statistics
Overall, a little hotter than expected, which keeps markets guessing as to whether the Federal Reserve will deliver one more rate hike.
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Back in Australia, the pace of inflation for construction costs and rents also look to be declining.
CoreLogic did report the growth in annual rents accelerating a little over the past month, to +8.4 per cent.
Source; CoreLogic
The main challenge for buyers remains a lack of quality stock, with total listings still tracking way below average.
Source: CoreLogic
Certainly we're finding that we have to work pretty darned hard to get quality purchases done in Brisbane at the moment.
