I 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 i

I 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