Rent rose at the fastest pace in more than 9 years in May By Andrea Riquier | Published: June 16, 2016 10:03 a.m. ET | MarketWatch Rent rose at the …
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Rent rose at the fastest pace in more than 9 years in May
By
Andrea Riquier | Published: June 16, 2016 10:03 a.m. ET | MarketWatch
Rent rose at the fastest monthly pace since 2007 last month, a reminder that one of the biggest expenses for most Americans isn’t easing up.
In May, rent was 3.8% higher than a year ago, the strongest 12-month rate of increase since 2008, the Labor Department said in its consumer price index report Thursday. The monthly rise was 0.4%.
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