Why Are Shelter Costs the Key to Understanding Inflation?
· 26.06.2023 · 22:00:40 ··· ··· Monday ·· 1 (1)
Bloomberg Quicktake: Now The shelter component of US CPI, still rising at 8%, is the key category causing headline inflation to remain elevated. Headline CPI peaked in June 2022 and has since declined to 4%. That's quite impressive progress, but with the shelter component removed the headline figure would be closer to 2.3%. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/economics.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_econ&utm_content=more_insights
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