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Headline : Housing costs keep inflation stubborn; New report on Maui wildfires released

Read more from the original article on here at npr.org.







Tags : #housing #costs #keep #inflation #stubborn #new #report #maui #wildfires #released


No. of Paragraph 17

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Inflation has proven more stubborn than expected this year. The Federal Reserve has managed to get it down significantly from its peak of 9.1% two years ago. But it's been difficult to push inflation lower than 3%. One of the biggest drivers of inflation last month was the high cost of housing. The government reports that rent increased nearly 6% in the past 12 months. But real estate experts say government figures don't tell the full story.

A "for rent" sign in front of a home in December 2023 in Miami, Florida. Joe Raedle/Getty Images hide caption

A "for rent" sign in front of a home in December 2023 in Miami, Florida.

Read more from the original article on here at npr.org.


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