Commentary: Inflation isn’t the real problem for the US economy. The housing shortage is
Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation. Inflation over the past year was 3.1% — far less than in 2021 but still high enough for the Federal Reserve to keep interest rates elevated. However, unlike the inflation we saw soon after the onset of the pandemic, the more ...
by Ben Harris, Los Angeles Times
Mar 13, 2024
3 minutes
Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation.
Inflation over the past year was — far less than in 2021 but still high enough for the Federal Reserve to . However, unlike the inflation we saw soon after the onset of the pandemic, the more recent bout was overwhelmingly driven by the rising cost of what
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