How Changing Shelter Costs Influence Inflation

March 23, 2023

Fast-rising U.S. shelter costs — consisting of tenants' rent and owners' equivalent rent — were the top driver of inflation in 2022, but this may be a trend that has already shifted. Shelter costs account for nearly one-third of the value of the consumer price index (CPI), making them the largest component by far. New rents and home prices both softened in the second half of 2022, but because of the way shelter costs are measured, it could take nearly a year for those changes to be reflected in the CPI.

12-month-shelter-cost-chart

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

A man in a suit is using a laptop and a tablet.

Are Extended Warranties Worth It?

April 22, 2025
Extended warranties are offered by retailers for an additional cost and cover product repairs for a specific period of time under certain conditions.
A man is talking on a cell phone in a bakery while looking at a tablet.

Life Insurance in Retirement

April 22, 2025
Most of us think of life insurance as protection against financial loss should we die prematurely. But when we reach retirement and the kids are all self-sufficient, do we still need life insurance?
A woman is sitting at a table with a laptop and a piece of paper.

Versatile 529 Plans Can Help with More than Just College

April 22, 2025
529 plans were originally created in 1996 as a tax-advantaged way to save for college.
A group of business people are standing next to each other in front of a white wall.

Prime Workforce Stays Strong

April 22, 2025
The labor force participation rate — the percentage of Americans age 16 and older who are working or actively looking for work — peaked in early 2000.
Show More