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Rising rents threaten to prop up inflation

The rental market, which slumped during the pandemic, has snapped back more quickly than many economists predicted.

(OK McCausland|The New York Times) FILE — Movers at work in New York on June 27, 2020. When the pandemic hit, many people who lost their jobs also decided to discontinue their apartment leases and live with someone else temporarily, causing rents to slump.