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CPI: Rent of Shelter

CPI shelter component, the stickiest and largest component of core CPI.

The CPI: Rent of Shelter is currently 442.71, last updated .

442.71
1W +0.19%1M +0.19%3M +0.32%
Updated 13m ago
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Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.

Updated just now

AI Analysis

Apr 15, 2026

Shelter CPI +0.3% (1M pace, decelerating from 2023-2024 highs — lagged but directionally correct).

Recent Data

DateValueChange
Mar 1, 2026442.71+0.19%
Feb 1, 2026441.87+0.13%
Jan 1, 2026441.29+0.25%
Dec 1, 2025440.19+0.27%
Nov 1, 2025439+0.17%
Sep 1, 2025438.24+0.22%
Aug 1, 2025437.29+0.29%
Jul 1, 2025436.05+0.23%
Jun 1, 2025435.03+0.23%
May 1, 2025434.04—

Related in Inflation

CPI (All Urban)
Consumer Price Index for all urban consumers, the headline inflation gauge.
Core CPI (ex Food/Energy)
CPI excluding food and energy, less volatile measure of underlying inflation.
PCE Price Index
Personal Consumption Expenditures price index, the Fed's preferred inflation measure.
Core PCE (ex Food/Energy)
Core PCE excluding food and energy, the single most important inflation metric for the Fed.

Explore Further

Forecast 2026
CPI: Rent of Shelter Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
Shelter CPI vs Core CPI
Shelter is the single largest component of CPI, representing roughly a third of the index. When shelter inflation is run...
Comparison
Shelter CPI vs 30Y Mortgage Rate
Shelter CPI includes rent and owners' equivalent rent, while mortgage rates drive the cost of home purchases. When shelt...
Comparison
Shelter CPI vs Case-Shiller Home Prices
Case-Shiller leads shelter CPI by 12-18 months because rents reset slowly (annual leases) while home prices move continu...
Scenario
What Happens When Shelter CPI Peaks?
What happens when shelter CPI peaks and begins decelerating? Disinflation implications, Fed response, and market reactio...
Category
All Inflation Data
CPI, PCE, breakevens, and inflation expectations data updated live. Track the indicators the Fed watches most closely to...

Frequently Asked Questions

▶What is CPI: Rent of Shelter?
CPI shelter component, the stickiest and largest component of core CPI.
▶How does CPI: Rent of Shelter relate to inflation?
CPI: Rent of Shelter is part of the Inflation category. Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.
▶How often is CPI: Rent of Shelter updated?
CPI: Rent of Shelter is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source CPI: Rent of Shelter data?
Convex sources CPI: Rent of Shelter data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the CPI: Rent of Shelter chart page?
The CPI: Rent of Shelter page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.

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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.