Former Treasury Secretary Larry Summers projects that residential inflation will keep overall inflation high this year in a new working paper he co-authored.
Hopes that high inflation will be short-lived may be quashed by the recent run-up in home prices and rents.
As the researchers note, housing inflation only amounted to around 4% for the 12 months ending in January. Comparatively, Zillow ZG reported that home values had risen by nearly 20% over that same period of time, while rents had increased by nearly 15%. Plus, the different groups of consumers that the federal government surveys are only periodically asked about their housing expenses — meaning that it takes time for these price changes to be baked into the inflation measures.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Watch Now: Annika Sorenstam, Larry Fitzgerald, Eric Dickerson and Jake Owen talk golf at Cologuard ClassicFormer Arizona Wildcat Annika Sorenstam, NFL legends Larry Fitzgerald and Eric Dickerson and country artist Jake Owen took part in the 2022 Cologuard Classic Celebrity Challenge.
Weiterlesen »
Chicago actor Larry Neumann Jr. is dead at 62. His off-Loop roles were legion and he had many stories to tell.Larry Neumann Jr., a gruff, gritty Chicago actor widely regarded as quintessential, died Feb. 23 at the age of 62.
Weiterlesen »
MATIC, NEAR, Alliance and Other Alameda Research Picks Showed Explosive Growth in 2021Close to $1 billion have been raised by crypto projects picked by Alameda Research in the first two months of 2022
Weiterlesen »
Call of Duty: Modern Warfare 2 Reportedly Changing Controversial FeatureAccording to a new report, Call of Duty 2022 -- a reboot of Call of Duty: Modern Warfare 2, and a [...]
Weiterlesen »
The Chicks Schedule Long-Awaited Live Return With Summer 2022 North American TourThe Chicks schedule their long-awaited live return with a summer 2022 North American tour.
Weiterlesen »
Watch Now: Annika Sorenstam, Larry Fitzgerald, Eric Dickerson and Jake Owen talk golf at Cologuard ClassicFormer Arizona Wildcat Annika Sorenstam, NFL legends Larry Fitzgerald and Eric Dickerson and country artist Jake Owen took part in the 2022 Cologuard Classic Celebrity Challenge.
Weiterlesen »