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

    Inflation is proving stubborn this year, and the cost of rent may be to blame. Hawaii's attorney general has released the first report into last year's Maui fires.
    by Suzanne Nuyen Apr 18, 2024 1 minute
    A "for rent" sign in front of a home in December 2023 in Miami, Florida.

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    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.

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