Falling Shelter Prices Not Yet Felt in Official Inflation Data

Easing home prices and rents over the last year have not yet been incorporated into the Consumer Price Index, the most widely-watched measure of inflation.

Year-over-year change in shelter in the Consumer Price Index versus the S&P Corelogic Case-Shiller Home Price Index and national average rents via Rent.com.
Chart: Investopedia Source: Bureau of Labor Statistics; Rent.com; S&P Dow Jones Indices
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