Housing costs helping to spur inflation

While the price of groceries and gas – both 8.6 percent from a year ago – have seen the most dramatic increases, the continued increase in housing costs is also punching inflation to heights not seen since 1982.

Mortgage rates are now climbing, currently an average of 3.85 percent, according to Freddie Mac.

These rates, combined with the acceleration of home prices and rental rates. are only adding to the inflationary pressure.

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