08-11-2022, 02:44 PM
Peculiarities in Primary Rent Component of CPI Data - Data Error?
<!-- SC_OFF --><div class="md"><p>As someone who lives in the DC Metro Region and is highly interested in the CPI data, specifically the rental component of the data, I've noticed a peculiar trend in BLS reported data for the primary rental inflation. According to the BLS, the Rent of Primary Residence in the DC Metro Region is only up 2.7% since July 2021. This defies all logic based on multiple third party sources (Zillow, ApartmentList, Zumper).</p> <p>Image Source: <a href="https://imgur.com/a/V1hJ9w2">https://imgur.com/a/V1hJ9w2</a></p> <p>Source: <a href="https://www.bls.gov/regions/mid-atlantic/cpi-summary/ro3xg01a.htm">https://www.bls.gov/regions/mid-atlantic/cpi-summary/ro3xg01a.htm</a></p> <p>Zillow Rental Index is up 10.5% YoY for the DC region. ApartmentList says 12.2%. Zumper is less clear about the geographic extent, but says 12%.</p> <p>Source: <a href="https://www.zillow.com/research/june-2022-market-report-31239/">https://www.zillow.com/research/june-2022-market-report-31239/</a></p> <p>What's even stranger is seeing the massive divergence for the DC metro region from its nearest counterparts in Baltimore, Richmond, and Philadelphia. All of which have 7%+ Primary Rent inflation. Does anyone think this could be a data error?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FarrisAT"> /u/FarrisAT </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wkyofx/peculiarities_in_primary_rent_component_of_cpi/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wkyofx/peculiarities_in_primary_rent_component_of_cpi/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>As someone who lives in the DC Metro Region and is highly interested in the CPI data, specifically the rental component of the data, I've noticed a peculiar trend in BLS reported data for the primary rental inflation. According to the BLS, the Rent of Primary Residence in the DC Metro Region is only up 2.7% since July 2021. This defies all logic based on multiple third party sources (Zillow, ApartmentList, Zumper).</p> <p>Image Source: <a href="https://imgur.com/a/V1hJ9w2">https://imgur.com/a/V1hJ9w2</a></p> <p>Source: <a href="https://www.bls.gov/regions/mid-atlantic/cpi-summary/ro3xg01a.htm">https://www.bls.gov/regions/mid-atlantic/cpi-summary/ro3xg01a.htm</a></p> <p>Zillow Rental Index is up 10.5% YoY for the DC region. ApartmentList says 12.2%. Zumper is less clear about the geographic extent, but says 12%.</p> <p>Source: <a href="https://www.zillow.com/research/june-2022-market-report-31239/">https://www.zillow.com/research/june-2022-market-report-31239/</a></p> <p>What's even stranger is seeing the massive divergence for the DC metro region from its nearest counterparts in Baltimore, Richmond, and Philadelphia. All of which have 7%+ Primary Rent inflation. Does anyone think this could be a data error?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FarrisAT"> /u/FarrisAT </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wkyofx/peculiarities_in_primary_rent_component_of_cpi/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wkyofx/peculiarities_in_primary_rent_component_of_cpi/">[comments]</a></span>