Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends for the Shelter Component of CPI, 2022
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In 2022, The US Federal Reserve, prompted by rising and high levels of inflation, began an aggressive policy of monetary tightening through increases in the federal funds rate. In this study, I looked at the monthly growth rate trend in the shelter component of CPI to see if the rise in the federal funds rate has resulted in a downward trend in its growth rate. I also carry out a similar analysis for overall CPI and then determine if the inflation growth rate trends in CPI and the shelter component of CPI move together. I use year over year by month inflation growth rates and rolling three month growth rates annualized to identify the direction of the growth rate trends.
Jon Fulkerson, Robert Dean
Primary Advisor's Department
Economics and Finance
Stander Symposium, School of Business Administration
Institutional Learning Goals
"Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends for the Shelter Component of CPI, 2022" (2023). Stander Symposium Projects. 2829.
Presentation: 9:00-10:15 a.m., Kennedy Union Ballroom