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Interest rate increases will lower property prices

To start the year, economists were relieved to see inflation slowing. On Jan. 12, the first consumer price report of 2023 showed that the overall cost of goods and services decelerated to 6.5%, the slowest rate in over a year and down from 7.1% in November.

Bad news, especially for egg-munching renters who like frequent haircuts. Cost of living rose fast…

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Authors
Miko Santos
Konark Saxena