Inflation has eased in many areas that had temporary spikes, from airfares to used cars. Persistent, underlying inflation is harder to tackle.
A recent survey found people expect rents will rise faster than home prices. But recent data have shown the opposite trend.
Rent growth is expected to ease after interest rates slow down homebuying. It will take even longer for inflation numbers to reflect that.
For many Americans, rents are rising much faster than official numbers suggest.
Inflation is the highest it's been since the Reagan years — and still climbing. If it's this high now, what what will December 2022 will be like?