Rents are still going higher.
The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007.
Source: Rents Skyrocket at Highest Rate in almost a Decade
