Hard Money Herald on Nostr: CPI dropped this morning at 8:30 AM. Markets reacted to the headline. But one third ...
CPI dropped this morning at 8:30 AM. Markets reacted to the headline. But one third of that number is telling you a story about rent prices from late 2024.
Shelter makes up 33% of the Consumer Price Index. The Bureau of Labor Statistics doesn't track current rent. It tracks rent agreements signed 12 to 18 months ago. That lag is structural, not a bug. And it means headline CPI is measuring inflation that already happened.
Published at
2026-03-11 18:05:56 UTCEvent JSON
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"content": "CPI dropped this morning at 8:30 AM. Markets reacted to the headline. But one third of that number is telling you a story about rent prices from late 2024.\n\nShelter makes up 33% of the Consumer Price Index. The Bureau of Labor Statistics doesn't track current rent. It tracks rent agreements signed 12 to 18 months ago. That lag is structural, not a bug. And it means headline CPI is measuring inflation that already happened.",
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