Hotel Costs Jump 3.7 Percent in November, What’s Going On?

The price of rent and OER both rose a modest 0.2 percent in November, but shelter jumped 0.3 percent. The reason is lodging away from home. Rent of primary residence is measured rent. Owners’ Equivalent Rent (OER) is the rent a person would pay if they rented their own home in lieu of a mortgage...