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Data from U.S. Bureau of Labor Statistics. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CPI Owners Equivalent Rent climbed to 441.74 in May 2026
U.S. Bureau of Labor StatisticsMonthlyReleased June 2026
US CPI Owners Equivalent Rent climbed to 441.74 in May 2026, released June 2026, up 1.06 from April's 440.68 reading.
Latest Release
441.741000
Actual
—
Consensus
440.683000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.68 | COMMODITIES | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.65 | FOREX | Moves against | → View |
| GOOGL | ▲ Direct | +0.61 | STOCKS | Moves with | → View |
| AUD/USD | ▲ Direct | +0.61 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.60 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI Owners Equivalent Rent (United States) was reported at 441.74 Index 1982-84=100 in May 2026. The reading rose from the previous value of 440.68 Index 1982-84=100. Over the past 12 months, the indicator has averaged 436.34 Index 1982-84=100, ranging from 431.13 Index 1982-84=100 to 441.74 Index 1982-84=100 across 9 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 440.60 Index 1982-84=100, up from the prior three at 435.90 Index 1982-84=100. Volatility over the past year (σ 3.46 Index 1982-84=100) is lower than the prior year (σ 4.63 Index 1982-84=100). In June readings over the past 3 years, CPI Owners Equivalent Rent has averaged 426.78 Index 1982-84=100.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with USD/CHF, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago PMI (Aug 28) and Michigan 1 Year Inflation Expectations (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI Owners Equivalent Rent - US
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About CPI Owners Equivalent Rent — United States
DEFINITION
US CPI Owners Equivalent Rent rose to 440.683 in May, up from April's 439.379, marking a steady increase. The May reading continues the upward trend from March's 437.051, indicating persistent pressure on housing costs. Market participants will watch upcoming inflation data closely amid ongoing Federal Reserve policy considerations. Updated 7/4/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 441.7 Index 1982-84=100. Prior reading (May 2026): 440.7 Index 1982-84=100. Before that (Apr 2026): 439.4 Index 1982-84=100.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.68) — a useful reference for commodities-focused traders.
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Economic Calendar - US Events
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Jobless Claims 4-Week Average | 205.5 | 204.25 | 203 | 204.25 | High |
| 12:30 | US | Initial Jobless Claims | 203 | 207 | 208 | 205.50 | High |
| 12:30 | US | Goods Trade Balance Adv | -118.8 | -101.41 | -99 | -102.92 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0 | 0.27 | Medium |
| 12:30 | US | Wholesale Inventories MoM | 1.3 | 0.3 | 0.1 | 0.38 | Medium |
| 12:30 | US | Continuing Jobless Claims | 1778 | 1796 | 1790 | 1784.00 | High |
| 12:30 | US | Goods Trade Balance | -118.8 | -101.41 | -99 | -102.88 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 15 | 16 | 20 | 17.50 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 17 | 14 | 15.50 | Low |
| 15:00 | US | Kansas Fed Composite Index | 10 | 9 | 8 | 9.00 | Low |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:45 | US | Chicago PMI | 57.6 | 57 | 63.10 | Medium | |
| 14:00 | US | Michigan 1 Year Inflation Expectations | 4.2 | 4.3 | 4.30 | Medium | |
| 14:00 | US | Michigan Inflation Expectations | 4.3 | 4.2 | 4.3 | 4.30 | Low |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.3 | 3.3 | 3.3 | 3.30 | Low |
| 14:00 | US | Michigan Consumer Sentiment | 51 | 55.2 | 51 | 51.00 | High |
| 14:00 | US | Michigan Consumer Expectations | 50.6 | 55.4 | 50.6 | 50.60 | Low |
| 14:00 | US | Michigan Current Conditions | 51.8 | 54.8 | 51.8 | 51.80 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 14 | 15.50 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 9 | 8 | 9.00 | Low | |