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Made this comment elsewhere, but CPI is partially derived from the cost of housing, so you can't really use CPI here.
by ahmeneeroe-v2 3y ago
Made this comment elsewhere, but CPI is partially derived from the cost of housing, so you can't really use CPI here.
- nuclearnice3 3y agoI like the way you think. Here's CPI for All Urban Consumers: All Items Less Shelter in U.S. City Average. [1] Index level in August 2019 234.853 Index level in Sept 2023 280.869 An increase of 20%. Very similar to overall CPI. So rent hasn't kept up with housing prices? Some other anomaly in the calculation of CPI? [1] https://fred.stlouisfed.org/series/CUUR0000SA0L2 https://fred.stlouisfed.org/series/CUUR0000SA0L2
- ahmeneeroe-v2 3y agohey thanks nuclearnice3! I like the way you think too
- nuclearnice3 3y agothere were two questions. perhaps, opine, as an expression of your gratitude.