There is some recent evidence that the persistent components of inflation in core goods and nonhousing services, particularly transportation, recreation, and food services and accommodation, have behaved similarly, peaking around early 2022 and steadily  12 The CoreLogic Home Price Index peaked in June 2022 and has declined in each month through November 2022. More information is available at https://www.corelogic.com/intelligence/u-s-home-priceinsights-january-2023/.
13 The CoreLogic Single-Family Rent Index shows a significant deceleration over the 7 months ending in November, including negative month over month rent growth in September through November; see CoreLogic (2023), “CoreLogic: US Annual Rent Growth Drops for the Seventh Straight Month in November,” January 17, https://www.corelogic.com/intelligence/corelogic-us-annual-rent-growth-dropsfor-the-seventh-straight-month-in-november/.