Right, that's covered by "owner's equivalent rent." This is LOWER than what homeowners actually pay. (Think about it -- Do landlords make negative `profit = home_payment_expenses - rent`?)

Any why would GGP mention food, cars, and energy? They are directly included in the CPI. I think it's more likely that GGP is under the false impression that these items are excluded from the CPI -- It's a conspiracy theory originating from economists' practice of using "CPI Excluding Food, Shelter, Energy, and Used Cars and Trucks" as a lower-variance estimate of the future inflation rate.

> You are welcome.

Skip the snark, it's against HN guidelines.