Renting vs. Owning
Consumers are now feeling the rent equivalent increases as landlords start to exercise their ability to offset higher costs in the form of higher rents.
A renter paying $1,500 a month will pay $1,575 in a 5% increase (which is what we've seen so far in the last year).
Someone who owns their home doesn't realize that they saved $75 a month. These 'savings' are often hidden, but they are real savings nonetheless.
One other look at rent as a proportion of inflation. Chart from 'Alf':