How Will Rent Prices Impact the CPI and Multi-family Housing Construction in 2023?

Former JPMorgan Chase Global Chief Economist & Ph.D. in Economics

Dec 21, 2022

∙ Paid

Housing has been a troubling contributor to the upward trend in U.S. consumer prices. With a weight of 32.7% within the Consumer Price Index (CPI), the latest 7.1% rise in shelter costs has boosted the yearly rise in the CPI by an incremental 2.3%. A smaller subset component, namely “rent on a primary residence,” is rising by a faster pace of +7.9% o…

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