Consumer prices increase 2.6 percent

Re:Consumer prices increase 2.6 percent by anotherman554 on Tuesday May 11, 2021 @06:15PM (#27124276)

In 2011, my rent was $1,420 a month. In 2021 my rent is $1,610 a month. According to the published inflation numbers my rent has gone down because it should be $1,672 if accounting for inflation.

I don't live in California-- maybe things are different there-- but I don't buy the conspiracy theories about inflation numbers.

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Re:Consumer prices increase 2.6 percent by ModernMech on Tuesday May 11, 2021 @06:38PM (#27124484)

In 2009 my rent was $550 in Pittsburgh. I just looked and today the same unit is going for $980, a 78% increase. According to published inflation numbers that should be a 23.5% increase to $679 today. So at least from our two examples we can see the effect is not evenly distributed.

edit: incidentally, in 2009 the minimum wage was $7.25, and my rent would have been 47% of my gross income. Today the minimum wage is still $7.25 and if I had stayed at the same apartment at the same wage, my rent would be 84% of my gross income.

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Re:Consumer prices increase 2.6 percent by jrsj on Tuesday May 11, 2021 @07:14PM (#27124808)

On average rents have doubled since 2006, but yes this varies from place to place. Not just in big cities though, it’s been in both cities & rural areas around me in Ohio as an example.

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