{"type":"rich","version":"1.0","title":"Hard Money Herald wrote","author_name":"Hard Money Herald (npub1c8…ns3t9)","author_url":"https://yabu.me/npub1c8e03hltgw4v62hc3c7dkwu5gzh9f7c24yd26j75ululerezd3aq3ns3t9","provider_name":"njump","provider_url":"https://yabu.me","html":"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."}