Chart 1. Trends in the Consumer Price Index for rent of primary residence and owners' equivalent rent of primary residence, January 2018–December 2022
Month Rent of primary residence index Owners' equivalent rent of primary residence index

Jan 2018

100.000 100.000

Feb 2018

100.155 100.145

Mar 2018

100.348 100.412

Apr 2018

100.627 100.680

May 2018

100.858 100.912

Jun 2018

101.121 101.175

Jul 2018

101.450 101.472

Aug 2018

101.863 101.796

Sep 2018

102.143 102.038

Oct 2018

102.491 102.380

Nov 2018

102.916 102.741

Dec 2018

103.185 102.966

Jan 2019

103.434 103.208

Feb 2019

103.673 103.480

Mar 2019

104.042 103.756

Apr 2019

104.412 104.061

May 2019

104.621 104.293

Jun 2019

105.038 104.631

Jul 2019

105.342 104.900

Aug 2019

105.670 105.206

Sep 2019

106.050 105.515

Oct 2019

106.319 105.782

Nov 2019

106.681 106.098

Dec 2019

106.989 106.350

Jan 2020

107.318 106.670

Feb 2020

107.570 106.881

Mar 2020

107.856 107.101

Apr 2020

108.052 107.258

May 2020

108.267 107.482

Jun 2020

108.420 107.600

Jul 2020

108.629 107.831

Aug 2020

108.786 108.030

Sep 2020

108.934 108.136

Oct 2020

109.158 108.416

Nov 2020

109.292 108.506

Dec 2020

109.424 108.651

Jan 2021

109.521 108.808

Feb 2021

109.674 109.045

Mar 2021

109.825 109.252

Apr 2021

110.000 109.443

May 2021

110.238 109.743

Jun 2021

110.498 110.117

Jul 2021

110.700 110.449

Aug 2021

111.094 110.782

Sep 2021

111.585 111.263

Oct 2021

112.105 111.808

Nov 2021

112.624 112.331

Dec 2021

113.070 112.765

Jan 2022

113.644 113.249

Feb 2022

114.244 113.734

Mar 2022

114.707 114.203

Apr 2022

115.300 114.679

May 2022

115.988 115.334

Jun 2022

116.881 116.157

Jul 2022

117.682 116.899

Aug 2022

118.582 117.763

Sep 2022

119.626 118.710

Oct 2022

120.537 119.521

Nov 2022

121.530 120.357

Dec 2022

122.511 121.278

Note: Rebased to Jan 2018 = 100.

Source: U.S. Bureau of Labor Statistics, Consumer Price Index.