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Is This a Canary in a Coal Mine?
Inflation rate will start coming down everywhere, at least starting in the US. Europe has such a crisis going on with Russia and not very high energy prices in Europe that's causing. The one thing that's keeping the inflation rate number elevated is house price inflation. Once home prices start dropping as it appears they will, then we'll see much less upward pressure on rents and rents may begin to drop too.
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