BU raised the rates of its traditional-style residences 3.86% this year, the largest increase since at least 2016.

This wouldn’t be a problem if the rise in prices is matched by economic growth and wage growth — but it isn’t being matched. Inflation, today, has gone past what the Federal Reserve had deemed the target. In December 2021, we were sitting at a 7% year-over-year rate, the fastest pace of inflation since 1982.