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MNI BRIEF: US Rents Seen Spiking To Mid-2023 Peak-Dallas Fed

(MNI) Washington

Shelter components will continue to add more pressure to overall U.S. inflation before peaking in mid-2023 and moderating slightly to still-high levels just under 7%, according to an updated analysis from economists at the Federal Reserve Bank of Dallas.

Year-over-year OER inflation is expected to continue rising from 5.4% in June 2022 to 7.7% in May 2023 before easing and rent inflation is expected to increase from 5.8% in June 2022 to 8.4% in May 2023. In a previous analysis in July, a Dallas Fed economist told MNI rent and owners' equivalent rent inflation was expected to accelerate to 7% by early next year.

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Shelter components will continue to add more pressure to overall U.S. inflation before peaking in mid-2023 and moderating slightly to still-high levels just under 7%, according to an updated analysis from economists at the Federal Reserve Bank of Dallas.

Year-over-year OER inflation is expected to continue rising from 5.4% in June 2022 to 7.7% in May 2023 before easing and rent inflation is expected to increase from 5.8% in June 2022 to 8.4% in May 2023. In a previous analysis in July, a Dallas Fed economist told MNI rent and owners' equivalent rent inflation was expected to accelerate to 7% by early next year.

Keep reading...Show less