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Phoenix’s Rent Prices Slowdown, Overall Inflation Follows Suit

 Phoenix’s Rent Prices Slowdown, Overall Inflation Follows Suit

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Phoenix is making significant progress in combating inflation, outpacing many other cities. Recent data corroborates the long-held assertions of economists and the Federal Reserve: when rents decline, overall inflation tends to follow suit. With Phoenix experiencing a slight slowdown in population growth and a significant increase in available rental properties, renters can anticipate a decrease in rents over the coming eighteen months. This decline in rental prices, coupled with the broader deceleration of inflation in the nation’s fifth-most populous city, is drawing keen attention from political strategists, particularly with less than six months remaining until the 2024 presidential election.

 

Source: https://www.nbcnews.com/business/economy/phoenix-beating-rest-us-inflation-largely-due-rents-rcna151110

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