Inflation slowed more than expected in July, the result of a dip in gas and energy prices. But soaring housing costs continue to weigh heavily on family budgets. Rents and home purchase prices are up – 17% and 20% respectively – from last year. It seems as if every day there is yet another news story highlighting how so many families are suffering under crushing housing costs.
These costs make up one-third of the Consumer Price Index, meaning they account for a big part of the inflation dilemma. For a little perspective: The shelter component of the CPI increased 0.5% in details ⇒
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