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A comment on The Era of Very Low Inflation and Interest Rates May Be Near an End. Parent comment

Re:The Era of Very Low Inflation and Interest Rates May Be N... by elvirs on Thursday April 26, 2018 @04:10PM (#16935221)
CPI does not include rent but thats what more than half of average couples combined income is spent on. (Couple with full time $15 per hour jobs living in $2000 per month apartment)
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Re:The Era of Very Low Inflation and Interest Rates May Be N... by dragonwriter on Thursday April 26, 2018 @05:44PM (#16936144)
> CPI does not include rent

CPI includes both rent costs for actual rentals and imputed rent for owner occupied housing. [0]

> but thats what more than half of average couples combined income is spent on.

More like a quarter. [1]

[0] https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an...

[1] https://www.bls.gov/news.release/cesan.nr0.htm

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Re:The Era of Very Low Inflation and Interest Rates May Be N... by BenoitEssiambre on Thursday April 26, 2018 @05:10PM (#16935827)
It includes rent just not house prices because house prices reflect investment (cost of consumption in the future) more than immediate consumption. House prices are converted to a kind of rent equivalent before being included in CPI.
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