US housing demand shoots up as population grows, influencing core inflation

Owners’ Equivalent Rent (OER), which makes up about 27% of the Consumer Price Index (CPI), increased by 0.49% in August 2024, the most significant rise since January. This pushed the year-over-year figure to 5.37%. This marked the first uptick in OER since its peak of 8.13% in April 2023. However, Jim Bianco from Bianco Research […] source: https://cryptoslate.com/insights/us-housing-demand-shoots-up-as-population-grows-influencing-core-inflation/