Core inflation may be artificially high as a measure because it includes shelter (about 40 percent of core inflation) which has a well-known one-year lag in the data reflecting the housing market of a year prior, and when rents have actually been falling for some time but not yet reflected in data, 'super core' inflation excluding rent is much lower.
factualpending
Speaker
RogerEvidence Quote
“a huge component of core inflation about 40 percent actually is shelter it's rents and the price of rents has a well-known lag in the data of about a year [1:13:37]”
Created: 8/12/2026, 6:24:34 PM
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