Following on from our recent posts on inflation risks, we dug into what specific components could drive inflation higher. Housing represents an outsized component, comprising 31% of headline CPI and 40% of core CPI in the US.The below chart plots the top CPI components by their % weight vs YoY change.
Housing: the inflation dog yet to bark
Housing: the inflation dog yet to bark
Housing: the inflation dog yet to bark
Following on from our recent posts on inflation risks, we dug into what specific components could drive inflation higher. Housing represents an outsized component, comprising 31% of headline CPI and 40% of core CPI in the US.The below chart plots the top CPI components by their % weight vs YoY change.