Ep. 69: This Month’s CPI Report - Rents and Wages Aren’t Falling!
Cents and Sensibility: the Inflation Guy Podcast

Ep. 69: This Month’s CPI Report - Rents and Wages Aren’t Falling!

2023-06-13
In this, the monthly analysis of the CPI report, the Inflation Guy homes in on a couple of reasons that core inflation is staying high, despite widespread forecasts that it should be decelerating more quickly: Rents are still rising at about 6% per year, even though many economists have convinced themselves that rents should decline (despite higher costs for landlords, higher incomes for customers, and higher prices of a substitute), and Wages are still rising at about 6% per year, which tends to...
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