Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 16, 2022

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Tue Oct 18 11:13:05 +0000 2022

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Paul Krugman @paulkrugman

If "true" shelter inflation — as a measure of overheating, not cost of living — is only 3%, that matters a lot. Median inflation tends to be very close to shelter inflation, so that measure is also now ~3% 2/ — PolitiTweet.org

Posted Oct. 18, 2022

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Paul Krugman @paulkrugman

A quick update on shelter and inflation: Goldman Sachs has a new research note on new rental rates, as opposed to the BLS rent measure, which is dominated by leases signed some time ago. They say that new rentals now rising ~3% annual: 1/ https://t.co/bCKGJ8kNop — PolitiTweet.org

Posted Oct. 18, 2022

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Paul Krugman @paulkrugman

Conventional core, excluding food and energy, rose at a 6% rate over the past 3 months, driven by shelter at 8%. But if shelter, which is 40% of core, is "really" 3%, that means true core is ~4% 3/ — PolitiTweet.org

Posted Oct. 18, 2022