Food, housing, and healthcare costs rose at a 6 percent yearly rate

March 19, 2007
Inflation is eating US wage gains

Food, housing, and healthcare costs rose at a 6 percent yearly rate in the past three months.

Consumers are being buffeted from several directions. The resurgence of inflation comes even as homeowners face a dip in property values and as the stock market has sagged from a recent peak. All this dragged consumer confidence down a notch in an index released Friday by the University of Michigan.