BLS admits error in CPI-R/OER email, raising housing inflation concerns for policymakers.

US Bureau of Labor Statistics (BLS) admits mistake in email about Consumer Price Index for Rent (CPI-R) and Owners' Equivalent Rent (OER), as it was responding to multiple inquiries. BLS later published information on changes in OER's weighting system, raising concerns about housing inflation. The incident highlights the importance of housing inflation for policymakers and market participants, potentially influencing the Federal Reserve's rate-normalization strategy.