The consumer price index, the best-known measure of U.S. inflation, climbed to 2.7% over the 12-month span that ended in November from a 3½-year low of 2.4% two months earlier.

1985-1993, The Savings & Loan Housing Bubble: Real, inflation-adjusted house prices nationally increased 21% over the first four years then fell 13% over the next four.

Higher interest rates have deflated real-estate bubbles across the world, according to UBS. Central banks have aggressively hiked borrowing costs over the past 18 months to combat inflation.

Lauren Boebert rallied against White House claims that prices had been "flat" over the past two months, calling the claim elitist. Pictured here, President Joe Biden giving remarks during an event ...

By stubbornly refusing to lower interest rates despite ample data urging him to do so, Fed Chairman Jerome Powell is ...

The consumer price index, the best-known measure of U.S. inflation, climbed to 2.7% over the 12-month span that ended in November from a 31/2-year low of 2.4% two months earlier.

U.S. inflation has bubbled up in the past few months, in a worrisome sign, but that bubble could pop by next spring. The recent rise in inflation has come as a nasty surprise, to be sure.