Odd Lots What Is Really Going On With Rent and Healthcare Inflation?
Oct 3, 2022
Omair Sharif, founder of Inflation Insights and an expert in inflation data, unpacks the pressures of rent on inflation rates. He explains how consistent rent growth complicates Federal Reserve targets, while private surveys suggest possible easing. The conversation also dives into the complexities of measuring rent and healthcare costs, shedding light on impending changes that could significantly affect inflation dynamics. Sharif offers valuable insights into how various economic factors interconnect in shaping our financial landscape.
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Rent Data Discrepancy
- Private rent measures like Zillow's show easing, but CPI rent data stays high.
- This difference stems from CPI capturing all rents, while private data focuses on new leases.
Used Car Price Lag
- Used car prices are declining at wholesale but not yet retail, causing a lag in CPI data.
- Omair Sharif predicts this retail decline will be reflected in CPI by October.
Pandemic's Impact on Used Cars
- During the pandemic, rental car companies became used car buyers, disrupting the market.
- This, combined with general increased demand, caused used car prices to spike rapidly across all ages.