Our Insights

Chancellor Rachel Reeves will present the UK’s budget on Nov. 26. At the heart of her challenge is maintaining fiscal discipline while stimulating growth at a time of economic malaise.

When it comes to measuring US inflation, the cost of shelter is key. But given that property prices are considered to reflect investment rather than consumption, the Bureau of Labor Statistics compiles "owner's equivalent rent,” a metric of hypothetical shelter costs that is often criticized. OER accounts for about 26% of the overall US consumer price index.