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Even as overall inflation rates fell to their lowest levels in more than two years, rental prices continued soaring during March.
The CPI program collects rent data from each rental unit every six months since rents are locked in place for a given lease term.
Inflation has been a persistent nightmare, and rising rents nationwide are partly to blame. Unfortunately for renters, things are unlikely to get better this year. "No quick relief in rent ...
The idea that the Federal Reserve's steep interest rate rises actually made U.S. inflation stickier has more merit than it first sounds - not least among U.S. central bank researchers themselves.
The Federal Reserve may have accelerated its attack on inflation by hiking interest rates. But that's also driving up rents by deterring would-be buyers.
The Federal Reserve’s attempt to get a clean read on post-pandemic inflation has focused attention on gauges that elevate housing costs, which is why what happens to rental inflation will factor ...
Rent is starting to drop. But housing costs are still by far the main factor driving inflation.