Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why Rent Is Still Driving Inflation Despite Cooling CPI
In this episode of Inflation Explained, Lucas and Luna dig into a stubborn inflation puzzle: shelter costs. While headline CPI has cooled from its 2022 peaks, the 'shelter' component continues to rise at an annual rate above 5 percent. Lucas breaks down how the Bureau of Labor Statistics measures rent and owners' equivalent rent, why there's a notorious lag of 12 to 18 months in official data, and what that means for the Fed's fight against inflation. They discuss the disconnect between what real-world renters are seeing and what CPI reports, using recent data—CPI at…
The skinny
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