How does the Consumer Price Index account for the cost of housing?

[author-bio] Housing represents about a third of the value of the market basket of goods and services that the Bureau of Labor Statistics (BLS) uses to track inflation in the Consumer Price Index. A rise in the price of shelter, the BLS label for housing, contributed to the increase in inflation in early 2022. Measuring … Continue reading How does the Consumer Price Index account for the cost of housing?