Why economists say it’s a near certainty that housing inflation will soon fall
PUBLISHED WED, JUN 14 20238:48 AM EDTUPDATED WED, JUN 14 20239:57 AM EDT
Greg Iacurci@GREGIACURCI
Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer.
As the largest expense for an average U.S. household, shelter accounts for more than a third of the CPI weighting, the most of any other consumer good or service. That gives housing an outsized influence on the overall direction of inflation data.
Housing inflation has been stubbornly high for months, according to CPI data. But economists think it has peaked and is on the precipice of a reversal.
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