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Inflation Pushing Up Rents, Garbage Collection, Electricity

Americans looking for shelter from inflation are unlikely to find shelter at home.

Inflation under the Biden administration is making it more expensive to maintain a household. Rent, utilities and garbage collection fees all increased by nearly 6%.

Rent and associated shelter costs are jumped off From March 2023 onwards, 5% or more:

— Rent of main residence: 5.7% increase 0.4% increase since March 2023 / since February 2024

— Owner’s equivalent rent (opportunity cost of not renting out the house you own): 5.9% increase 0.4% increase since March 2023 / since February 2024

— Water and sewerage maintenance services: 5.1% increase 0.5% increase since March 2023 / since February 2024

— Garbage and garbage collection: 5.8% increase 0.1% decline since March 2023 / since February 2024

– electricity: 5.3% increase 0.7% increase since March 2023 / since February 2024

— Household item repair: 18.0% increase Data not reported after March 2023 / February 2024

— Homeowner and renter insurance: 4.6% increase 0.5% increase since March 2023/since February 2024

Overall, the consumer price index in March increased by 0.4% compared to February. The composite index is up 3.5% from 12 months ago, according to Breitbart News’ John Carney.

Economists had expected sales to rise 0.3% month-on-month and 3.4% over the 12 months.

Core inflation, which excludes food and energy, rose 0.4% in the month, in line with last month and above expectations of 0.3%. Compared to a year ago, core inflation rose 3.8%, which was also better than expected and in line with February’s numbers.

When the consumer price index spiked in January, many analysts said it was likely a seasonal anomaly and expected inflation to start falling again soon. After three months of higher-than-expected inflation, that’s no longer a valid interpretation. Over the past three months, core inflation rose at an annual rate of 4.6%. That’s the highest three-month annual rate of inflation for any period between August 1991 and 2020, said Harvard economist Jason Furman.

Wendell Husebo is a political reporter for Breitbart News and a former Republican war room analyst.he is the author of politics of slave morality.Follow Wendell “X” @WendellHusebø or society of truth @WendellHusebo.

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