May 29, 2002 (The Editor’s Desk is updated each business day.)
Shelter inflation higher in 2001
Shelter costs rose 4.2 percent in 2001, after increasing 3.4 percent in 2000.
![Annual change in the Consumer Price Index for All Urban Consumers, shelter, 1991-2001](https://webarchive.library.unt.edu/web/20120925080853im_/http://www.bls.gov/opub/ted/images/2002/may/wk4/art02.gif)
[Chart data—TXT]
Higher increases were calculated for rent of primary residence, owners’ equivalent rent of primary residence, and housing at school. The rent of primary residence index showed the largest increase in 15 years—4.7 percent, compared with 4.0 percent in 2000. The owners’ equivalent rent index rose 4.5 percent last year, following a 3.4 percent increase in 2000.
Hotel and motel charges, which are part of shelter costs, decreased 0.8 percent in 2001, after rising 2.7 percent during the previous year. Before September 11, demand for hotels and motels was already weak. Following September 11, demand further decreased for hotels and motels, especially in New York, Las Vegas, and Orlando.
These
data are produced by the BLS Consumer
Price Index program.
Annual percent changes are December-to-December changes. Details on the
calculation of rent of
primary residence and of owners’ equivalent rent of primary residence
are in Consumer Price Indexes for Rent and
Rental Equivalence. For additional
information on consumer price changes in 2001, see "Consumer
inflation lower in 2001: energy and apparel prices declined," by
Todd Wilson, Monthly Labor Review,
March 2002.
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