Another upward force on American inflation: the housing boom
Property could join energy, shipping, used cars and wages as a contributor to rising consumer prices
FROM ENERGY and used cars to wages and shipping, the list of factors pushing up American inflation is growing fast. Could housing be next? According to figures published on October 13th, the consumer-price index (CPI) rose by 5.4% in the year to September. Its shelter component increased by 3.2%, up from 2.8% in the year to August. And it has further to run.
This article appeared in the Finance & economics section of the print edition under the headline “Rental resurgence”
Finance & economics October 16th 2021
- Wages are surging across the rich world
- Germany’s workers are in the strongest position in 30 years
- The IMF decides to keep its boss
- Another upward force on American inflation: the housing boom
- A new study finds that dirty money remains easy to hide
- Chinese companies suffer an intense cash crunch in offshore bond markets
- Credit-card firms are becoming reluctant regulators of the web
- How to think about the unstoppable rise of index funds
From the October 16th 2021 edition
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