Valley inflation continues to lead US, economists point to housing

By Jim Cross | KTAR

PHOENIX – Inflation nationally slowed in April but remains in double figures in metro Phoenix, according to the Bureau of Labor Statistics and two local economists say it’s no mystery why.

The rate of inflation in the Valley was 11% in April while the U.S. rate dropped to 8.3% from the four-decade high of 8.5% in March.

“Home prices are going up more rapidly here,” economic consultant Elliott Pollack of Scottsdale-based Elliott D. Pollack and Company told KTAR News 92.3 FM.

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