{"id":1004146272,"date":"2016-06-17T05:00:18","date_gmt":"2016-06-17T13:00:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146272"},"modified":"2022-12-08T02:01:25","modified_gmt":"2022-12-08T10:01:25","slug":"economy-watch-inflation-sees-uptick-rents-surge","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-inflation-sees-uptick-rents-surge\/","title":{"rendered":"Economy Watch: Inflation Sees Uptick, Rents Surge"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004146275\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004146275\" data-attachment-id=\"1004146275\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-inflation-sees-uptick-rents-surge\/bls-cpi-0616\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg\" data-orig-size=\"510,182\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1466153406&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BLS CPI 0616\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Credit: Bureau of Labor Statistics Consumer Price Index, May 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg?w=510\" class=\"wp-image-1004146275\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg\" alt=\"Credit: Bureau of Labor Statistics Consumer Price Index, May 2016\" width=\"400\" height=\"143\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg 510w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg?resize=300,107 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004146275\" class=\"wp-caption-text\">Credit: <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics Consumer Price Index, May 2016<\/a><\/p><\/div>\n<p>The <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics reported<\/a> on Thursday that the Consumer Price Index was up 0.2 percent in May compared with April, and up 1 percent compared with a year earlier. That doesn&#8217;t seem like much inflation, but the gyrations in the price of energy have tended to distort the picture.<\/p>\n<p>Over the last year, food prices have increased 0.7 percent, while energy prices have dropped a precipitous 10.1 percent. Without food or energy\u2014what&#8217;s known as the &#8220;core&#8221; rate of inflation\u2014the rise year-over-year came in at 2.2 percent. The core rate of inflation on an annual basis has been creeping upward for more than a year now. As recently as last October, it was still less than 2 percent.<\/p>\n<p>Tucked away in the BLS report is data on rents. Rents, which have been rising steadily since the worst of the recession ended, are still rising robustly. For the month of\u00a0May, rents were up 0.4 percent. For the year, they were up 3.8 percent, the highest annual increase since 2008.<\/p>\n<p>Rents are being driven by still-strong demand and still-weak supply, except in some major markets that have seen a lot of upper-end apartment development. Moreover, rent increases continue to outstrip income increases. According to the BLS, wages increased 1.4 percent in the 12 months ending in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest BLS report shows a slow rise in consumer prices, particularly in the energy sector, which has seen much volatility this year. <\/p>\n","protected":false},"author":1023,"featured_media":1004146275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004146272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Inflation Sees Uptick, Rents Surge - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-inflation-sees-uptick-rents-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Inflation Sees Uptick, Rents Surge\" \/>\n<meta property=\"og:description\" content=\"The latest BLS report shows a slow rise in consumer prices, particularly in the energy sector, which has seen much volatility this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-inflation-sees-uptick-rents-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-17T13:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:01:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/BLS-CPI-0616.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"510\" \/>\n\t<meta property=\"og:image:height\" content=\"182\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Inflation Sees Uptick, Rents Surge\",\"datePublished\":\"2016-06-17T13:00:18+00:00\",\"dateModified\":\"2022-12-08T10:01:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/\"},\"wordCount\":238,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/06\\\/BLS-CPI-0616.jpg\",\"articleSection\":[\"National\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-inflation-sees-uptick-rents-surge\\\/\",\"name\":\"Economy Watch: Inflation Sees Uptick, Rents Surge - 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