Yes, good point on Shelter @Load. I can only assume that the data was very high in the early part of the 12 months to July 2024 and started to reduce as we near the end of that period. Also, the little bearded guy has highlighted increased stocks of housing on the market about the end of the reporting period and more so recently has detailed the price and therefore rent declines.
As such the inflation for shelter might not have been affected as much at the time of reporting.
Here's how it is calculated
Measuring Price Change in the CPI: Rent and Rental Equivalence : U.S. Bureau of Labor Statistics (bls.gov)
And here are the latest numbers. Only until July and therefore might not be impacted by the downturn in some areas at this stage.
Bureau of Labor Statistics Data (bls.gov)
Massive increase from around early 2021 and not showing any dips but it appears the top might be starting to turn at the end of that graph IMO. Next data is likely going to show a potential slowing, but is that a good thing or bad?
His latest videos detail that builders are cutting prices. And that is likely to lead to more collapses. The consumer knows what is happening and therefore not spending. Businesses are reporting that retail sales are falling substantially. All of this leads to more layoffs and higher unemployment and into a death spiral. BBB's don't, but it's hard to explain that to them
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