The prediction that increasing single-family home rents would positively impact overall inflation later in 2024 was accurate. Shelter inflation, heavily influenced by rents, remained a significant driver of overall inflation throughout 2024 due to lags in how market rent changes are reflected in official CPI measures. [1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17]