Rising rents and mortgage rates drive inflation to new highs

The rising cost of housing is one of three main factors driving rapid inflation in the U.S., according to data released by the U.S. Department of Labor last week. The Department said the largest three items in household budgets – namely shelter, gasoline and food – all saw cost increases, helping to fuel the highest

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Rising inflation adds to housing costs

Growing inflation is negatively impacting consumers, leading to higher gasoline prices and grocery costs. In November, consumer prices were up 6.8% from a year ago, representing the largest annual gain in 40 years. Some of the biggest price increases were seen for energy, food, cars and shelter, which together comprise around 61% of all consumer

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