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Inflation in Atlanta and U.S. improve, federal data show

Posted on AllSides May 15th, 2024
From The Left

Atlanta’s home prices have climbed, but the area has benefitted more than many others from energetic construction of new apartments, said Mark Vitner, chief economist of Piedmont Crescent Capital, an investment advisory firm. “In Atlanta, we’ve seen rents moderate a fair amount,” he said. “I think that’s the biggest variable. The largest increases in the CPI have been the places where housing costs have moderated the least.” Rising rents nationwide were highlighted Tuesday by Jerome Powell, Federal Reserve chairman, as a key factor keeping inflation high. While home prices are...

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