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Thursday, July 22, 2021

Rent

NY Times: Rising Rents Threaten to Prop Up Inflation, Officials at the Federal Reserve and White House thought fast price gains would pass. Rent increases could make it a slow fade. By Coral Murphy Marcos, Jeanna Smialek and Jim Tankersley

Rental costs play an outsize role in the Consumer Price Index, so a meaningful rise in them could help keep that closely watched government price gauge, which has picked up sharply, higher for longer.

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