Blame the Rental Market for Inflation Sticking Around

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, US economy reporter Matthew Boesler looks at one of the key data points behind persistent inflation. Sign up here and follow us at @bpolitics. Email our editors here.

Looking for a culprit for sticky inflation beyond Fed Chair Jerome Powell or President Joe Biden? One might perhaps just as easily blame landlords in the US Northeast and Midwest.