Shelter inflation in 2002

April 28, 2003

Shelter costs rose 3.1 percent last year, after increasing 4.2 percent in 2001.

Annual change in the Consumer Price Index for All Urban Consumers, shelter, 1991-2002
[Chart data—TXT]

The owners’ equivalent rent index increased 3.3 percent in 2002, following a 4.5-percent rise in 2001. The rent of primary residence index was up 3.1 percent, compared with a 4.7-percent increase in 2001.

Hotel and motel charges, which are included in shelter costs, remained unchanged in 2002, after decreasing 0.8 percent during the prior year. Following the September 11, 2001 terrorist attacks, demand for hotels and motels decreased, especially in New York, Las Vegas, and Orlando. Since the attacks, hotel and motel charges, in general, never returned to previous levels, even though demand for lodging in popular vacation cities such as New York, Las Vegas, and Orlando did rebound in 2002.

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 2002, see "Consumer prices up slightly more in 2002, led by energy and hospital services," by Todd Wilson, Monthly Labor Review, March 2003.


SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Shelter inflation in 2002 on the Internet at http://www.bls.gov/opub/ted/2003/apr/wk4/art01.htm (visited August 26, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.