Economics and markets

U.S. shelter costs, a source of inflation pressure, will ease

November 30, 2022

A line graph shows changes in the rolling three-month average of OER—homeowners’ equivalent of rent—fluctuating in a range between roughly –0.2 percent and 0.6 percent over the last 20 years. The graph also shows two Vanguard estimates of monthly changes in OER. An estimate based on traditional indicators fluctuates in a range between roughly zero and 0.4 percent, while an estimate based on alternative indicators fluctuates in a range between roughly –1 percent and 2 percent.


Asawari Sathe
Vanguard Information and Insights

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