The latest Consumer Price Index (CPI) report, released Wednesday morning, showed housing costs remaining higher while the auto sector saw a bit of good news. Overall consumer inflation ticked lower on an annual basis during the month of August.

Yahoo Finance housing reporter Dani Romero and autos reporter Pras Subramanian join Morning Brief hosts Brad Smith and Seana Smith to discuss inflation in the shelter and auto sectors.

Data from the US Bureau of Labor Statistics showed that the shelter CPI index posted a 0.5% gain on an annual basis, compared to a 0.4% gain in July. During the month of August, owner's equivalent rent (OER), which is the hypothetical rent homeowners would earn renting out their property and rent, gained 0.4% month over month, down from 0.5% in July. Rent costs grew 0.5% month over month, up from 0.4% the month prior.

Unlike housing, the auto sector trended lower in August. Inflation on new car prices was flat for the month and down 1.2% year over year, while used car prices dropped 1% month over month, contributing to the 10.4% year-over-year decline.

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This post was written by Naomi Buchanan.