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Rent inflation has been slowly cooling down for 18 months

Nov 13, 2024
While shelter costs are up from last year, according the consumer price index, other data shows rents have been falling in some metro areas.
Shelter prices rose nearly 5% in the past 12 months, according to the latest CPI report. But rents have been falling for nearly a year and a half.
Bryan R. Smith/AFP via Getty Images