There's more bad news for renters with rents rising faster than ever.

ThatÂ’s right Matt, Daft dot ie has published its latest Rental Price Report which shows that the average rent nationwide now stands at €1111.

The annual rate of rent inflation was 13.5 percent in the last quarter of 2016 – the highest ever rate in the 15 years Daft has been counting.

One issue feeding into the problem is the number of renters, Daft believes this has increased significantly, but we donÂ’t have the Census Data on that yet.

And of course, that old chestnut; Housing Supply.

Junior Housing Minister Damien English says the rent increases were no surprise, but they hope to tackle part of the problem by building more homes this year.

The average rent nationwide is now €1,111 💶 → https://t.co/6d8HO691IX pic.twitter.com/fITEDOW4AX

— Daft.ie (@daftmedia) February 14, 2017