The cost of renting in Los Angeles and Orange counties rose at the fastest pace in 14 years, according to the Consumer Price Index.

L.A.-O.C. rents rose at a 5.8% annual rate last month — same as June and the highest for a July since 2005, according to the U.S. Bureau of Labor Statistics. A year ago, rent CPI was up at a 4.7% pace. The CPI tracks rental costs by polling consumers vs. other rent measurements that come from surveying landlords.

Read More: https://www.ocregister.com/2019/08/19/rent-costs-in-los-angeles-orange-counties-at-5-8-biggest-rise-since-2005/