
Here’s How Much Rent Prices Are Rising in Phoenix
The consumer price index for rent prices in the Metro Phoenix area has increased by 10% from August 2022 to August 2023, according to the United States Bureau of Labor Statistics. The consumer price index, or CPI, is the average change over time for prices paid by consumers in an area. Any CPI over 100 is equated with a rise in the inflation rate since 1984. In Phoenix in August of 2022, the CPI of