Housing Could Provide More Fuel for Inflation

Posted on AllSides July 12th, 2022
From The Center
PHOTO: TANNEN MAURY/SHUTTERSTOCK
ANALYSIS

Climbing housing costs are set to keep inflation elevated this year, creating another challenge for Federal Reserve officials who want to see signs that price pressures are easing before slowing their interest-rate increases.

Overall annual inflation rose to 8.6% in May, while core inflation, which excludes volatile food and energy costs, hit 6%, according to the Labor Department’s consumer-price index. The June figures are set to be released Wednesday.

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