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.

Doctor holding clipboard beside microscope and cancer ribbon in a medical lab illustration

Charitable Gift Annuity: A Gift That Gives Back

By TFC Team • October 28, 2026
A charitable gift annuity can provide lifetime income while supporting a nonprofit. Learn how payments, tax benefits, risks, and eligibility shape your giving.
Person holding a phone beside a grocery basket of fresh vegetables and a receipt in a store aisle

Grocery Games: Can You Outsmart the Supermarket?

By TFC Team • October 28, 2026
Stretch your grocery budget with ways to save, including loyalty deals, sale planning, bulk buying, freezing food, and choosing store brands over name brands.
Rocket launching with “IPO” on its body against a bright blue sky with clouds

A Historic Year for Mega IPOs

By TFC Team • October 28, 2026
Record-breaking IPOs are reshaping markets. Learn how mega listings, investor demand, stock index rules, and limited share availability can affect portfolios.
Person pushing a red

Consumer Debt Delinquencies Are on the Upswing

By TFC Team • October 28, 2026
Credit card and student loan delinquencies climbed in early 2026. See the latest figures and how persistent inflation and high interest rates are straining household finances.
Show More