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Wrestling with the “Comfort-Zone” and Distorted Core Inflation

Wrestling with the “Comfort-Zone” and Distorted Core Inflation. Raymond W Stone Stone & McCarthy Research Associates April 12, 2007. Core PCE Deflator Running a Little Above the “Comfort-Zone”. OER Accounts for About Half of the 12-mo Chg in Core CPI, and Nearly All of the Acceleration.

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Wrestling with the “Comfort-Zone” and Distorted Core Inflation

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  1. Wrestling with the “Comfort-Zone” and Distorted Core Inflation Raymond W Stone Stone & McCarthy Research Associates April 12, 2007

  2. Core PCE Deflator Running a Little Above the “Comfort-Zone”

  3. OER Accounts for About Half of the 12-mo Chg in Core CPI, and Nearly All of the Acceleration

  4. OER Derived Largely From Survey of Residential Rents

  5. Difference Between OER and Rents Related to Utility Costs

  6. In Recent Years the Trend in Rents has been Inversely Related to Home Prices

  7. Recently OER has Accelerated in West and South

  8. Will High Vacancy Rates Set Stage for An Easing of Rents?

  9. Elevation of Rental Unit Vacancy Rents Relatively Protracted

  10. Rents & OER in the West

  11. The San Francisco Story

  12. Mortgage Payment per Median Price Existing Home and OER

  13. An Alternative (but also problematic) Core CPI

  14. Non-OER Core CPI

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