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by RC_ITR 1014 days ago
Excluding shelter, inflation is already bellow 2%.

Not building enough housing is majorly undermining the Fed's effort to fight inflation.
1 comments
the88doctor 1014 days ago
Not sure what data you're looking at, but that's completely off. Trailing 12 month food inflation is over 4%. Transportation inflation is over 10%. Services excluding energy are up 5.9%.
link
RC_ITR 1014 days ago
Sure those are other numbers, but the number I’m looking at is inflation ex-shelter for the most recent month? [0].

To be clear, housing is categorized as a service and transportation inflation is 1.6% [1]

Not sure why you think I’m completely off but I would be curious to see links.

[0]https://fred.stlouisfed.org/graph/?g=18UVC

[1] https://fred.stlouisfed.org/graph/?g=18UVL

link