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With the focus now on inflation, anything that affects CPI and PPI is significant. It is a lagging indicator.From Lawler:While single-family home prices have recently soared and single-family rents appear to have accelerated, the “Owners’ equivalent rent of primary residence” index (OERPR) of the Consumer Price Index has shown no meaningful acceleration. However, it would appear as if (1) the OERPR is understating this measure of housing costs; and (2) the measure is likely to accelerate, probably significantly, during the remainder of the year.…Calculated RiskLawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?Bill McBrideAlso at CRFOMC Minutes: Concern about "supply chain bottlenecks and input shortages"
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With the focus now on inflation, anything that affects CPI and PPI is significant. It is a lagging indicator.With the focus now on inflation, anything that affects CPI and PPI is significant. It is a lagging indicator.From Lawler:While single-family home prices have recently soared and single-family rents appear to have accelerated, the “Owners’ equivalent rent of primary residence” index (OERPR) of the Consumer Price Index has shown no meaningful acceleration. However, it would appear as if (1) the OERPR is understating this measure of housing costs; and (2) the measure is likely to accelerate, probably significantly, during the remainder of the year.…Calculated RiskLawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?Bill McBrideAlso at CRFOMC Minutes: Concern about "supply chain bottlenecks and input shortages"
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Mike Norman considers the following as important:
This could be interesting, too:
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From Lawler:
Lawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?
While single-family home prices have recently soared and single-family rents appear to have accelerated, the “Owners’ equivalent rent of primary residence” index (OERPR) of the Consumer Price Index has shown no meaningful acceleration.Calculated RiskHowever, it would appear as if (1) the OERPR is understating this measure of housing costs; and (2) the measure is likely to accelerate, probably significantly, during the remainder of the year.…
Lawler: Is the “Owners’ Equivalent Rent” Index Set to Accelerate Sharply?
Bill McBride
FOMC Minutes: Concern about "supply chain bottlenecks and input shortages"