Rent Inflation Is the Stickiest Kind.

The article focuses on the high housing rent inflation in the U.S. in 2024. It notes that rent dominates the inflation indexes on which the U.S. Federal Reserve bases its interest-rate decisions. It reveals that in the New York metro area, the owners' equivalent rent component of the consumer price index increased by 5.6% in the 12 months through March, a rate not much below last year's peak of 6.3%.