The cost of renting a house or apartment continued to rise last month.
Shelter costs, which account for about 40% of the core inflation increase, rose 0.4% for the month and are up 7.8% over the past year.
This emphasizes, for me anyway, one advantage of owning a home over renting it that gets little attention. That’s the advantage of locking in the “rent” rate, the cost of having shelter.