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Here are regions, states where its changed the most [Video]

Categories
USA Economy and Markets

Inflation rose faster than expected in March as an increase in costs kept prices painfully high for millions of Americans.

Rent was one of the categories in which prices continued to increase, according to The Labor Department’s consumer price index (CPI). 

Rent costs rose 0.5% for the month and are up 5.7% from the same time last year. 

RELATED: March inflation breakdown: What prices are rising the fastest?

Research from Rent.com, an apartment search engine and online marketplace, found the median rent price in the U.S. last month to be $1,987. 

Here’s how that number breaks down across the country: 

Rentals by region

Northeast: Where rent remains the highest in the nation. This region has experienced a 3.8% rise in asking rents on a yearly basis.

The West: Where rent is the second highest in the nation. Markets were slightly down here in March, as oversupply and job relocations amid pandemic-era growth have caused a cooling, Rent.com said.

The South: Where …

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