Comment by onlyrealcuzzo

Rent is 36.1% of the CPI basket - so if inflation was distributed evenly - you'd expect 36.1% of the increase to come from rent / housing.

70% is really not that shocking. Rents only need to increase a little bit more than average with most other things increasing a little bit less than average to end up at 70%.

Vehicles and energy make up almost 14% of the basket - and those are negative.