Home›Real Estate›Residential›Zillow expects CPI shelter inflation to stay near curr…

Zillow expects CPI shelter inflation to stay near current pace

Zillow forecasts 2.8% rent inflation and 3.2% OER inflation for July 2026 in CPI terms, ahead of BLS shelter data due Aug. 12.

Reported · Written up by our desk · Residential

Zillow Research is forecasting that CPI shelter inflation will remain close to its current pace in July 2026, based on its outlook for both rent and owners equivalent rent (OER) components.

In its projections, Zillow expects rent inflation of 2.8% annually and OER inflation of 3.2% annually in July.

The next new shelter inflation readings, as measured by the Consumer Price Index, are scheduled to be released by the Bureau of Labor Statistics on Wednesday, Aug. 12, 2026 at 8:30 ET.

Zillow said the key takeaway is that CPI housing inflation is expected to hold near its current pace through the period it is forecasting.

More like this

Sources