Inflation Update: Peaking Rent and High Food Prices Impact Wallets.
TL;DR
Rent inflation in the US is showing signs of peaking, with the month-over-month pace of rent growth dropping to 0.5% in March from 0.8% in the second half of 2021. However, the annual number is still high, with rents up nearly 9% in March compared to last year. Falling rents are good for renters but pose a problem for the real estate sector, with property values on multifamily apartments falling at the same time as interest rates are soaring.
Topics:businessreal-estate#cpi#housing-market#interest-rates#real-estate#real-estate-sector#rent-inflation
- Rent inflation is the highest since 1981, but there are signs it's peaked Axios
- High food prices continue to put a pinch on wallets KATU
- Southern California inflation: Where it hits hardest OCRegister
- Editorial. March inflation dips, but deeper questions remain BusinessLine
- What inflation data suggests Hindustan Times
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