Rent’s the New Gas: Surging Rental Prices Become a Top Inflation Worry. Who’s Hit Hardest?

Rent is the new gas. Surging rent prices - instead of gas - are now hitting consumers hard, according to data from Bank of America Institute. Median rent payments for Bank of America customers increased by 7.4% year over year in July, a slight pickup from 7.2% in June. Increases were seen across all ...

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