In yet another sign that the economic rebound from COVID is here, rents in Los Angeles and Orange County rose at an annual rate of 1.2 percent in February— up from 1.1 percent in January, according to the local Consumer Price Index.
According to the O.C. Register, it’s the first time this measurement of rent inflation has increased in a month since June 2019. It’s a small change, but indicative of economic recovery.
Nationally, the average rent inflation was up 1.7 percent.