Bill Ackman said that the reported inflation rate is underes...

Bill Ackman said that the reported inflation rate is underestimated.

$Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$Idea? The reported inflation rate is underestimated. The Owners' Equivalent Rent (OER) relies on owner surveys to estimate the inflation of housing costs. This is a very inaccurate indicator. The single-family rental market provides more accurate data. Today's published core CPI increased by 3.5% compared to OER. The largest landlord of single-family house rentals nationwide reported a 17% year-on-year increase in rent. OER accounts for 30% of the core CPI calculation and 24% of reported CPI. Using more experiential measures in the calculation would increase today's core Consumer Price Index from 4.9% to 9.0%, and the Consumer Price Index from 6.8% to 10.1%. According to the supply and demand trends, housing inflation is unlikely to weaken. The actual inflation experienced by households is raging, far exceeding the government's published statistics.