Why rent in the CPI report is so hard to figure out
'...the puzzle around rent inflation, which is one-third of the CPI. It's stuck at 5.6% y/y and keeping overall inflation high. ...some worry that surprisingly-high demand and solid wage growth will keep rents high.
Most-convincing is this chart: Which highlights that the CPI rent number is currently higher than any of the private measures of rent.'
Reference: www.forexlive.com
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