Rents Skyrocket at Highest Rate in almost a Decade

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