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Rent hikes far outstripping wage growth and general inflation rises, campaigners warn
Letting and estate agents signs outside flats in London
“At local level, it’s different."
RENT hikes are far outstripping wage growth and general inflation, official figures showed today.
The Office for National Statistics reported that average rents rose by 8.7 per cent in the year to January.
This is more than double retail prices index (RPI) inflation, which the statistics body revealed had jumped to 3.2 per cent in December.
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By Berny Torre in Harrogate
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