What Does Inflation Mean for Tenants?

According to the federal Bureau of Labor Statistics inflation is marching upward. After years of very moderate increases in consumer prices, the bureau in September reported a 5.4% increase nationally with consumer prices bumping up 4.6% in our region over last September. Those price hikes will push our rents up too — especially for single-family and condominium renters — once our local moratorium on rent increases is lifted. Let’s look at inflation and its effect of inflation on housing costs for both prospective and current tenants.

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