What Is The Current National Rate Of Inflation ?

Soaring energy prices is taken the current national rate of inflation in the US to 5.0 percent which in turn resulted in a 1.1 percent increase in consumer prices in the month of June 2008. The United States is seeing the sharpest increase in consumer price index since June 1982 and with a 0.3 percent increase in the core consumer price index, which did not include energy and food, since January 2008.

Shifts And Price Elasticity In The Housing Market

The housing market is always directly affected by the surrounding markets around it and that is why there are shifts and price elasticity in the housing market. Factors that affect the housing market include average income increase or decrease, annual spending as well mortgage interest rates.