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Search resuls for: "O.E.R"


2 mentions found


☆ Live Updates: Inflation Expected to Cool Slightly
  + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com   time to read: +9 min
Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.
Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “, O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe
☆ Inside the Rent Inflation Measure That Economics Nerds Love to Hate
  + stars: | 2024-05-15 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +1 min
There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”It stands for owner’s equivalent rent, and it has been used to measure American housing inflation since the 1980s. As its name suggests, it uses a combination of surveys and market data to estimate how much it would cost homeowners to rent the house they live in. But three years into America’s price pop, it has become almost cliché for economists to hate on the housing measure. The most intense haters insist that it is giving a false impression about where inflation stands. “It’s just not adding anything to our understanding of inflation,” said Mark Zandi, chief economist of Moody’s Analytics and a frequent adviser to the Biden administration.
Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “ Organizations: New York Times
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