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US Rent Costs Surge To Record Highs As Americans Expect Inflation To Get Worse

From zerohedge.com

Median rents in the US crossed the $2000 mark this past month for the first time ever, while rental markets surged 15% - 20% in a single year depending on the region. This is yet another trend which supports the position that official CPI is inaccurate and overall inflation is actually much higher than the central bank and the Biden White House reports. The latest CPI print indicates an "official" inflation rate of 8.6%, while REAL inflation is closer 17% according to pre-1990s calculations. The continued denial of real inflation rates is causing confusion among Americans who are facing vastly larger price increases ... (full story)

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  • Category: Fundamental Analysis