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Rent’s the new gas: Surging rental prices become a top inflation worry. Who’s hit hardest?

Rent is the new gas. Surging rent prices – instead of gas – are now hitting consumers hard, according to data from Bank of America Institute. Median rent payments for Bank of America customers increased by 7.4% year over year in July, a slight pickup from 7.2% in June. Increases were seen across all …

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