🧵 1. Rent inflation, a major factor in the CPI, has been decelerating, but beware: actual rent prices are rising again after reaching a low in January. #finance
🧵 1. Rent inflation, a major factor in the CPI, has been decelerating, but beware: actual rent prices are rising again after reaching a low in January. #finance
🧵 2. Though annual rent growth is negative, the amount spent on rent has been increasing for six straight months. The pace of change could turn positive in just a few months.
🧵 3. Don't celebrate the temporary dip in rent inflation too soon. The annual rate of change may be negative, but renters are currently paying more than they did a year ago.
🧵 4. Economists declaring victory over inflation without considering the current read of the index might be premature. Rent prices have been rising consistently, suggesting a turnaround soon.
🧵 5. While some applaud the decline in annual rent growth, the reality is that rents are on the rise again. This contradicts claims that inflation is vanishing.
🧵 Read more at: https://www.zerohedge.com/economics/not-so-fast-cpi-celebrations-rents-are-surging-again-and-back-record-highs
Yep, rent in the area I own properties has steadily gone up. No flattening to be seen.