Americans looking for shelter from inflation are unlikely to find any at home.
Inflation under the Biden administration has sent the costs of maintaining a household soaring. Rent, electricity, and garbage collection prices are all up nearly six percent.
The price of rent and associated shelter costs have jumped more than five percent since March 2023:
— Rent of primary residence: Up 5.7 percent since March 2023 / Up 0.4 percent since February 2024
— Owners’ equivalent rent (the opportunity cost of not renting out the home you own): Up 5.9 percent since March 2023 / Up 0.4 percent since February 2024
— Water and sewer maintenance services: Up 5.1 percent since March 2023 / Up 0.5 percent since February 2024
— Garbage and trash collection: Up 5.8 percent since March 2023 / Down 0.1 percent since February 2024
— Electricity: Up 5.3 percent since March 2023 / Up 0.7 percent since February 2024
— Repair of household items: Up 18.0 percent since March 2023 / No data reported on February 2024
— Homeowners and renters insurance: Up 4.6 percent since March 2023/ Up 0.5 percent since February 2024
Overall, the consumer price index rose 0.4 percent in March compared with February. The headline index is up 3.5 percent when compared with 12 months earlier, according to Breitbart News’s John Carney: