Noise in Housing-Cost Data May Have Pulled Down Sept. CPI -- Market Talk
Dow Jones2025-10-24
0852 ET - Omair Sharif, head of analysis firm Inflation Insights, suspects that noisy housing data may have suppressed September inflation figures on a one-off basis. He notes that the owners' equivalent rent index, which represents the cost of home ownership, rose by 0.1% month over month in September, the smallest one-month increase in more than four years. Meanwhile, the rental-housing index rose 0.2%, what Sharif says is " a big wedge between rent and OER that I suspect is almost certainly due to noise in the data." He adds: "In that sense, this core reading almost certainly exaggerates the underlying inflation trend." (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
October 24, 2025 08:53 ET (12:53 GMT)
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