Inflation has fallen, so why are private rents still so high?

#shorts #inflation #housing

Inflation is going down, but private rents are still rising, why?

The UK housing crisis in 2023 has hit a grim new milestone as private rents outside London are exceeding £1000 on average for the first time.

i Housing Correspondent Vicky Spratt is on hand to answer.

Music by penguinmusic from Pixabay

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[manjeetgill]

I think you need to look at core inflation Vs non lies your answer. If services inflation is so high, and the government just raised minimum wages, rent follow through with a 6
month lag
There are several economic papers which point this out