News for hackers. Stuff that matters.

A comment on Inflation rises to 7% in December (led by energy). Parent comment

Re:Inflation rises to 7% in December (led by energy) by dragonwriter on Wednesday January 12, 2022 @04:28PM (#29912906)
> The silver lining here is that most households in the U.S. own their home, so they're either shielded from a significant portion of inflation

Unless something has changed since the recent reports of the inflation surge on the non-energy side, housing hasn't been a big part of it (used auto prices were, IIRC, the single biggest component—which also doesn't hit most people regularly...)

[ Parent | on HN ]
Re:Inflation rises to 7% in December (led by energy) by jeffbee on Wednesday January 12, 2022 @04:36PM (#29913012)
"""The pandemic has seen extraordinary growth in home values... Because of the way shelter costs enter into the CPI, these increases in owned home and rental costs have not yet contributed much to overall inflation.""" - The U.S. White House

It's not that housing prices aren't up, it's that CPI can't (yet) capture the change.

[ Parent | on HN ]