US Inflation more horrible than Washington admits —– Shelter inflation is running at 10%-15% a year, not the reported 3.4%, and that’s a third of household budgets
The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. The shelter component of the index lags the more reliable private gauges of rent inflation. That means worse is to come. Three US companies publish national rent indexes – CoreLogic, Zillow and Apartmentlist.com – and their readings of year-on-year rent inflation range from 9% to 16%. But the US Bureau of Labor Statistics reports a year-on-year rise in the rents of just 3.4%. Shelter represents a third of household expenditures according to the Consumer Price Index….
Source: http://freedombunker.com/2021/11/14/us-inflation-more-horrible-than-washington-admits-shelter-inflation-is-running-at-10-15-a-year-not-the-reported-3-4-and-thats-a-third-of-household-budgets/
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