What Is Really Going On With Rent and Healthcare Inflation?
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 3 October 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
One of the biggest drivers of inflation is rent. Arguably, it's the whole ballgame right now. If rent growth stays firm, it's hard to see inflation getting back to the Federal Reserve's intended target anytime soon. If it rolls over, then maybe that will allow the Fed to breathe a little bit easier. But signals about the future direction of rents are mixed. While the government data is red hot, various private surveys do show some easing. On this episode, we speak with Omair Sharif, the founder of Inflation Insights, who walks us through rent prices and how the numbers are gathered. He also discusses a key change coming to the measured price of healthcare that will likely be a significant drag on inflation in the year ahead.
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| 0:24.9 | This is a paid endorsement by public.com. |
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| 0:57.6 | Hello and welcome to another episode of the AdLots Podcast. I'm Joe Weisenthal. |
| 1:26.4 | I'm Tracey Alloway. Tracey, last month's inflation number. |
| 1:31.1 | I guess it was just a disappointment, right? Because two months ago, |
| 1:34.2 | it was this cool number, both on headline, core, maybe the turn is finally here. |
| 1:39.3 | And then last month, it was like, no, straight back up again. |
| 1:42.4 | How many words did you write about why people should be focused on month-on-month versus year-on-year? |
| 1:47.0 | No, I still think that from an investor or standpoint, or just someone trying to understand |
| 1:52.0 | the economy clearly, like, sequential numbers are more telling. I wasn't trying to. |
| 1:56.5 | Tracey, I resent the insinuation that you'd think I would write something. |
| 2:00.6 | I would never insinuate anything. Okay, but you're right. Okay, so people were expecting inflation |
| 2:06.2 | to start to slow down a little bit. And that's why there was lots of talk about why you should |
| 2:10.5 | look at the sequential month-on-month data versus the year-on-year. But what we saw instead was |
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