Here's CPI for All Urban Consumers: All Items Less Shelter in U.S. City Average. [1]
Index level in August 2019 234.853
Index level in Sept 2023 280.869
An increase of 20%. Very similar to overall CPI.
So rent hasn't kept up with housing prices? Some other anomaly in the calculation of CPI?
Here's CPI for All Urban Consumers: All Items Less Shelter in U.S. City Average. [1] Index level in August 2019 234.853 Index level in Sept 2023 280.869
An increase of 20%. Very similar to overall CPI.
So rent hasn't kept up with housing prices? Some other anomaly in the calculation of CPI?
[1] https://fred.stlouisfed.org/series/CUUR0000SA0L2