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Omair Sharif, founder of research firm Inflation Insights, called housing costs the "most encouraging aspect of this report" in an email on Wednesday. Sharif called the 0.3% monthly rent increase ...
Housing inflation continued to be sticky last month. The shelter component of the Consumer Price Index (CPI) increased 0.4% in November from the previous month, up from October's 0.3% monthly gain.
The housing market and inflation The shelter category, which includes housing costs, continues to be a major contributor to the CPI’s monthly all-items increase.
To be sure, housing inflation eased on an annual basis in May. Shelter costs increased 5.4% over the prior year, the slowest annual gain since April 2022 and lower than their peak of 8.2% in March ...
For example, the BLS has stated that changes made due to the introduction of the geometric mean formula to account for product substitution (one of the Boskin recommended changes) have lowered the measured rate of inflation by less than 0.3% per year, and the methods now used are commonly employed in the CPIs of developed nations. [38]
The shelter component of the April Consumer Price Index (CPI) — which makes up a third of the overall inflation index — rose 0.4% month over month after rising 0.6% in March.
Meanwhile, owners' equivalent rent also showed deceleration, falling 0.2% for the month, down from October’s 0.4% gain and marking the slowest monthly gain since April 2021.
Through July 2018, inflation measured by PCE has averaged 3.3%, while it has averaged 3.8% using CPI. [2] This may be due to the failure of CPI to take into account the substitution effect . Alternatively, an unpublished report on this difference by the Bureau of Labor Statistics suggests that most of it is from different ways of calculating ...