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C36 · SHELTER PRICES

CPI shelter inflation, year over year

3.44
STALE ROBUST DRS 95 monthly as of 2026-08-01

This tile is stale: the value shown is the last one the source published, never a fabricated current number.

The full history

1954 high 19.97 · low -0.61 · now 3.44 · 11 recessions shaded 2026

How it is read

What it measures
shelter prices
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Computed: 100 × (CUSR0000SAH1(t) / CUSR0000SAH1(t−12m) − 1). The largest single CPI component (~33% weight) and structurally sticky (energy spikes fade, shelter spikes don't), so it is the leading read on how long an inflation episode persists. Two disclosures travel with the line: (1) BLS shelter CPI uses owners' equivalent rent (OER), a survey-based imputation of a CONSTRUCT, not transaction prices, and it lags market rents (Zillow, Apartment List) by 12–18 months: the addendum labels this PLAUSIBLE for that reason, a caveat the house carries here rather than in the provenance; (2) scored against 30 years to span the pre-2021 regime. BLS-produced; subject to the integrity-events DRS factor.

Where it comes from

DERIVED ↗ Every number on this site is reproducible from this primary source.

What it read at past stress points

Lehman, Sep 2008 2.35 · CALM
Q4-2018 selloff 3.21 ◆ WATCH
Curve inversion, Aug 2019 3.35 ◆ WATCH
COVID crash, Mar 2020 3.01 ◆ WATCH

Questions it helps answer