The updated figures are: (@ +5.7% YoY) with rents up 12.4% over
the last year and home prices up 19.7%. Which means that the true
inflation rate is much higher than 8.5%."
Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +4.7% YoY) with rents up 18% over the last year and home prices up 19%. Actual inflation rate i
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Shelter the single biggest component
Posted by fundamentalvalues on 10th of Aug 2022 at 10:09 am
Shelter the single biggest component of CPI and expense in general for a household, good point on it being majorly understated:
https://twitter.com/charliebilello/status/1501915743696396289
The updated figures are: (@ +5.7% YoY) with rents up 12.4% over the last year and home prices up 19.7%. Which means that the true inflation rate is much higher than 8.5%."