Millennials, Gen Zers See Inflation Rates Decline As Rents Cool
Members of Gen Z and Millenials are seeing their personal inflation rates cool as rent prices moderate.
These demographics have lower personal inflation rates than the overall population for the first time in two years, according to a new CPI analysis from Redfin.
Gen Zers and Millennials who signed a new lease in December saw the cost of their goods and services rise 5.6% and 6.1%, respectively, compared to a 6.5% increase for the average American.
Gen Zers overall now have a lower personal inflation rate than the U.S. population for the first time since the beginning of 2021.
Inflation was heavily impacted by shelter costs, which make up around a third of the value of goods and services included…