Shelter is the largest single component within the inflation reports. Which makes sense because your house payment or rent payment is the biggest component of your monthly outlay.

Real Time data from Realtor.com and Zillow rental report we have a blended rent rise of 1.25%. CoreLogic’s Blended rate is 1.7%.

The issue is the Government data which affects the Consumer Price Index CPI is 4.6%. The Government is always three months behind the real-time numbers.

With shelter and potentially oil prices dropping we could see inflation close to 2.0%.

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