Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

Inflation News Is Still Exaggerated by Dubious Shelter Estimates

by July 11, 2024
July 11, 2024
Inflation News Is Still Exaggerated by Dubious Shelter Estimates

Alan Reynolds

Consumer Price Index (CPI) inflation has been zero for two months. Over the past 12 months, prices of food at home are up 1.1 percent, and energy prices are up 1 percent. Yet headlines keep focusing on the 12-month averages of 3 percent for the total CPI and 3.3 percent for “core inflation” (less food and energy). But there is a big problem: Those 3–3.3 percent figures do not reflect a broadly defined measure of inflation since they are largely dominated by shelter costs.

Widely criticized Bureau of Labor Statistics (BLS) estimates of rent and owners’ equivalent rent (a price nobody pays) account for a third of the total CPI and over 40 percent of the core CPI.

That is why suspiciously extreme estimates of shelter inflation (known to lag reality by 12–18 months) have continually exaggerated reported inflation since July 2022.

As the new BLS CPI news report candidly emphasizes, “The shelter index increased 5.2 percent over the last year, accounting for nearly seventy percent of the total 12-month increase in the all items less food and energy index.”

Here is the unreported good news: Aside from shelter, CPI Inflation and core inflation rose only 1.8 percent over the past 12 months and were either flat or falling over the last two.

0
FacebookTwitterGoogle +Pinterest
previous post
How To Manage Risk Using Technical Analysis!
next post
Hungary’s Orban ditches NATO summit to meet with Donald Trump

You may also like

Nuclear Power’s Newest Cautionary Tale

November 10, 2023

Reminder to Republicans: Lots of Low-Hanging Tax Code...

February 10, 2025

Perttu v. Richards Brief: Defending the Right to...

January 22, 2025

Shaken Baby Syndrome: A Hypothesis That Keeps Sending...

December 30, 2024

In Yale University ERISA Case, Plaintiffs Lose but...

July 19, 2023

Grocery Price Gouging?

August 19, 2024

Implications of the Commercial Real Estate Collapse for...

June 27, 2023

Will Big Sky Country Redefine Climate Policy?

April 15, 2024

Trump’s 2020 Stolen Election Claims Are Wrong on...

September 16, 2024

What Does Financial Privacy Mean for Liberty?

July 10, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved