Why Are Shelter Costs the Key to Understanding Inflation?

The shelter component of US CPI, still rising at 8%, is the key category causing headline inflation to remain elevated. Headline CPI peaked in June 2022 and has since declined to 4%. That's quite impressive progress, but with the shelter component removed the headline figure would be closer to 2.3%. Presented by ‪@cmegroup‬: https://www.cmegroup.com/openmarkets/... Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness