Pacific Research Institute
Recent News About Pacific Research Institute
-
Nearly Eight Percent Inflation for housing hurts Arizona's lower-income households most; Economist: 'rising housing affordability a growing problem'
About a year after the Inflation Reduction Act was signed into law, Americans continue to feel the inflation pinch, as overall annual inflation rose to 3.2 percent in July. But the inflation rate for lower-income Arizonans is up much more, driven by rising housing costs, and some economists are blaming the Biden Administration's spending for this rise in inflation.