The research noted that housing-related factors are a major component of the government's monthly Consumer Price Index, with shelter costs making up nearly a third of that closely watched report. An alternative Cleveland Fed all-tenant repeat-rent (ATRR) index uses all tenants, whether they recently moved in or not, and stood at 7.15%. Shelter as measured most recently in the CPI stood at 7.3% in the year to August.
Source: Cleveland Fed
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.The research noted that housing-related factors are a major component of the government's monthly Consumer Price Index, with shelter costs making up nearly a third of that closely watched report. An alternative Cleveland Fed all-tenant repeat-rent (ATRR) index uses all tenants, whether they recently moved in or not, and stood at 7.15%. Shelter as measured most recently in the CPI stood at 7.3% in the year to August.
Source: Cleveland Fed
