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An inflation storm is coming for the U.S. housing market

·9 min read
An inflation storm is coming for the U.S. housing market
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Fast-rising housing costs have helped to push inflation to a 13-year high. Housing costs rose by 0.4% between April and May, according to the latest edition of the monthly consumer price index released Thursday by the Bureau of Labor Statistics. Compared with last year, housing prices for renters and homeowners alike were up 2.2%.