House Price Inflation In CPI Is Of Course Complete Baloney, But It Accounts For 1/4 Of Total CPI
by Brandon Smith, Alt Market: For most Americans, housing costs are the largest item in their budget, ranging from 30% to 60% of their total monthly spending. In its Consumer Price Index (CPI) for February, released yesterday, the Bureau of Labor Statistics reported that the costs of homeownership (which the BLS calls “Owner’s equivalent rent of residence”) […]
Source: https://www.sgtreport.com/2021/03/house-price-inflation-in-cpi-is-of-course-complete-baloney-but-it-accounts-for-1-4-of-total-cpi-2/
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