Shelter inflation set to fall significantly – SF Fed research

san francisco fed

Shelter inflation will reach 0% by May 2024 and then drop into negative figures, research from the Federal Reserve Bank of San Francisco predicts.

“The deflationary component of this forecast would be the most severe contraction in shelter inflation since the global financial crisis of 2007–09,” authors Augustus Kmetz, Schuyler Louie and John Mondragon write.

Since their baseline model predicted such a stark result, the authors also built a more conservative, “less accurate” model. Even that

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