Birdwatch Note Rating
2023-10-13 03:05:20 UTC - NOT_HELPFUL
Rated by Participant: 049E9E249CF132BD220934A2301413303C9F83D5CC0D861A6488BB5A903CCA42
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Original Note:
While this might be cotroversial take, it is true that inflation is at 2% if you exclude just one item: Shelter. It has a big weight in the indices especially in core services part. Shelter is a lagging inflation indicator because of it price dynamic. https://www.morningstar.com/news/marketwatch/20230812263/housing-prices-were-a-big-driver-of-inflation-now-some-economists-see-a-slowdown
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