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Axios

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U.S. rents drop at the fastest rate in 7 years, per Zillow

Zillow Inflation

Data: Zillow; Note: Typical rent is the average rent of the middle 30% of units; Chart: Axios Visuals

Rent prices fell 0.4% in November — the largest month-over-month drop since Zillow started tracking this data in 2015, according to the real estate company’s latest rent report.

Why it matters: This is another sign that inflation is easing.

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