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Are they saying that food prices are driving the inflation vs the other factors? Housing is going up fast too isn't it?
by galangalalgol 6y ago
Are they saying that food prices are driving the inflation vs the other factors? Housing is going up fast too isn't it?
- eru 6y agoWhat do you mean by 'driving'? Causally, inflation in the US is driven by the Fed's 2% average inflation target. How those 2% distribute amongst the basket of good is a different question, of course.
- bradleyjg 6y agohttps://fred.stlouisfed.org/series/CUSR0000SEHC https://fred.stlouisfed.org/series/CUSR0000SEHC https://fred.stlouisfed.org/series/CUUR0000SEHA https://fred.stlouisfed.org/series/CUUR0000SEHA I believe those are the two housing sub components of the basket, with owners’ equivalent rent weighted more than the rent one. Eyeballing it they both look under 2%.