Limp_Distribution t1_ja909pf wrote on February 27, 2023 at 7:01 PM

Reply to comment by marmorset in TIL that in the period of time since the introduction of the consumer price index, the highest inflation rate observed in the U.S. was 20.49% in 1917. by ringopendragon

I wish more people understood this point. The government has changed how it calculates the CPI and I believe things like rent are not on the list. So, if I’m right, rents going up does nothing to inflation. That’s fucked

labtec901 t1_jaag6et wrote on February 28, 2023 at 12:42 AM

You are not right. CPI includes housing costs/rent.

BernankesBeard t1_jabq5ad wrote on February 28, 2023 at 7:33 AM

Rent of Primary Residence is 7.5% of the CPI. Shelter, more broadly, is ~34%.

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