Full record
HiteconomyUS inflation continues to fall through 2024 as shelter and gasoline costs ease
A scored prediction by Tom Nash, made on .
Scored prediction
Hiteconomy“inflation drives the bus and right now inflation is coming down the apartments the houses the real estate market all of this will come down because nobody's going to move until the summer months ... so as gasoline and shelter kind of eases the inflation will ease and then the rest of the market will do fine”
US inflation continues to fall through 2024 as shelter and gasoline costs ease
- Made on
- 2024-02-05
- Outcome
- Hit
- Importance
- 4 / 5
- Effect on score
- +3.82
What counted as right
- Status
- resolved
- Settled on
- 2025-01-15
US headline CPI year-over-year for December 2024 (BLS) is lower than the December 2023 year-over-year reading of 3.4%, and the shelter CPI year-over-year rate for December 2024 is lower than its December 2023 rate.
Both legs of this conjunctive criterion are met on official BLS data, with margins far outside rounding error. Headline CPI YoY fell from 3.35% (Dec 2023) to 2.89% (Dec 2024); shelter CPI YoY fell from 6.15% to 4.57%. The criterion's own stated Dec 2023 baseline of 3.4% is confirmed by the underlying index (3.35%, which rounds to 3.4%). Note that the criterion tests only the two December readings, not the monotonic "continues to fall through 2024" path in the claim wording; inflation was not monotonically declining during 2024, but the written criterion governs. The gasoline component named in the claim's rationale is not part of the written criterion and was not tested. resolved_on is the BLS publication date of the December 2024 CPI report, the date the criterion became determinable. No outcome value assigned at this stage.
Sources
Tom Lee Leaves Entire CNBC Panel SPEECHLESS about 2024
YouTube - Tom Nash ·
Evidence of what happened
BLS CPI-U series CUUR0000SA0 (All items, U.S. city average, not seasonally adjusted), retrieved from the BLS public API v2. December index values: 2022 = 296.797, 2023 = 306.746, 2024 = 315.605. Computed December year-over-year: Dec 2023 = +3.35% (matches the 3.4% baseline stated in the criterion), Dec 2024 = +2.89%. Headline December 2024 YoY is therefore lower than December 2023 — first leg of the criterion met.
BLS shelter CPI series CUUR0000SAH1 (Shelter, U.S. city average, not seasonally adjusted), retrieved from the BLS public API v2. December index values: 2022 = 366.868, 2023 = 389.433, 2024 = 407.242. Computed December year-over-year: Dec 2023 = +6.15%, Dec 2024 = +4.57%. Shelter December 2024 YoY is therefore lower than its December 2023 rate — second leg of the criterion met.
BLS Consumer Price Index program home page, the publishing authority for both series above. The December 2024 CPI report was the release that made the criterion determinable.
Corrections
No public corrections.
Effect on the score
+3.82- How sure they sounded
- 85%
- Outcome
- Hit
- Importance
- 4 / 5
This page shows the scored prediction as published; the site doesn't recompute or adjust the score.
Where this came from
US inflation continues to fall through 2024 as shelter and…- Methodology version
- v1.0.0
- Last computed
- August 2, 2026
- Made on
- 2024-02-05
How this profile was built
Scored by independent judges
Predictions gathered and sourced
Independently verified against sources