This is a narration of our weekly Rent and Operating Trends Report. July inflation came in at 8.5% on a year-over-year basis, and in a sign of the recent times, many economists and wall street analysts celebrated the lower-than-expected report. Economists had anticipated 8.7% price growth following 9.1% in June. As a result, equity markets continued to rebound from early-summer lows. The modest inflation reversal will also likely enable the Fed to continue their aggressive rate hikes, as the recent report provides evidence that higher interest rates are rippling through the economy and slowing price growth. Tune in to find out more information on multifamily dynamics during the week of August 14.