INSIGHTS Cost of Housing Still Driving Inflation By Staff Tuesday, November 14, 2023 12:23 PM “If you look at the consumer price index, the big contributor to high inflation is the shelter, both rents and owner-occupied rents.”Claudia Sahm, founder of Sahm Consulting and a former Federal Reserve economist, commenting that mortgage rates continue to be one of the most interest rate-sensitive sectors of the economy. Read the article, “Fed’s Rate Strategy Stymied by Stubborn Housing Cost Inflation,” in The Hill.