AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Shelter CPI and Housing Market Inflation
Housing prices are of course different than rent and rent is a component of cpi or consumer price inflation Jim recently I learned from you something that absolutely blew my mind just about the shelter cpi. Shelters cpi inflation maybe a lot stickier and a lot higher than some anticipate So 30 percent of inflation is this is the shelter component, right? It's utilities insurance upkeep of your house The inflation rate among that that's 30 percent By far the biggest part of that 25 of the 30 is what's called owners equivalent rent or rents of primary residents They're the same thing ones for homes ones for rental units.