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Friday, October 16, 2015

Generation Rent sees increases of 6.3% on average whilst being told its disinflation

https://notayesmanseconomics.wordpress.com/2015/10/16/generation-rent-sees-increases-of-6-3-on-average-whilst-being-told-its-disinflation/

CPIH (not a National Statistic) grew by 0.2% in the year to September 2015, down from 0.3% in August 2015.
So you get the impression that rents are not doing much at all or at least not making much difference.
Rental inflation surges again
The latest numbers from Your Move and Reed Rains tell a very different story.
Average rents now stand at a new record of £816 per month, after rising by 1.6% between August and September.
So we immediately get a very different story to that presented in the official inflation data as those who pay rent presumably have steam coming out of their ears. This issue is exacerbated even further if we look at the annual numbers.

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