Importing Shelter Inflation

Published on March 18, 2024 by Premium

The Biden Administration's immigration policy is likely increasing demand for shelter, which is putting upward pressure on inflation and reducing the prospect of future cuts. Shelter inflation accounts for around 30% of CPI and was widely anticipated to slow or even fall into outright deflation. But the entry of an estimated 3.3 million migrants in 2023 is likely creating demand for housing that is frustrating those forecasts. A similar inflationary impact has also been observed […]

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