Jan 15, 2025 · Discover Zillow's latest analysis on the Consumer Price Index (CPI) and Zillow Observed Rent Index (ZORI). Learn how rental market trends and economic modeling predict future shelter inflation, and what this means for Federal Reserve policy and renters nationwide.

Feb 14, 2023 · The Consumer Price Index (CPI) rose 0.5 percent in January after increasing 0.1 percent in December. This follows recent revisions that highlighted the pace of consumer price increases fell less at the end of 2022 than previously reported.

Nov 2, 2022 · A growing body of research shows the Zillow Observed Rent Index (ZORI) leads survey-based average rent indexes, including the rent component of the Consumer Price Index, by up to 12 months. ZORI began to decelerate in year-over-year terms last March.

With a unique dataset and lens from operating a rental market, Zillow Economics proposes that the shelter components of the consumer price index will remain elevated for some time.

Sep 29, 2023 · Comparing two measures of shelter prices—the official U.S. Bureau of Labor Statistics (BLS) dataset and the Zillow rental price index—shows that the Zillow series leads the BLS series by about six to 10 months.

Apr 4, 2023 · Over the past few years, several indexes have been created to provide more real-time analyses of rents. These indexes have been studied to see how changes in their measures correspond to changes in PCE or consumer price index (CPI) rents.

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.

The Zillow Rent Index (YoY) and the New Tenant Rent Index (YoY), which specifically investigates rent levels for new tenants, usually lead the CPI for rent (YoY) by about 6 to 12 months. These indices act as leading indicators for rent inflation.

U.S. Typical Home Value (Zillow Home Value Index) $356,585 (2.6% YoY) DECEMBER 2024 U.S. Typical Rent (Zillow Observed Rent Index) $1,965 (3.4% YOY) DECEMBER 2024 Change in New Listings ... Zillow’s Insights on CPI and ZORI: Understanding the Future of Shelter Inflation; About us. About; Zestimates; Research; Careers;

This paper examines the usefulness of the Zillow observed rent index (ZORI) in predicting CPI rent ination. Using data from February 2015 to October 2023, we demonstrate that ZORI provides valuable insights into future movements in CPI rent