1. Southern California rents rising at 5% annual rate, says CPI math

    Southern California rents rising at 5% annual rate, says CPI math

    The cost of renting in Southern California was growing at least 5% a year in January, according to a slice of the local Consumer Price Index.

    The U.S. Bureau of Labor Statistics’ CPI tracks rental costs by polling consumers vs. other rent measurements that usually come from surveys of major apartment landlords. And the CPI shows lots of financial challenges for local renters.

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