Inflation triggered an interest rate rise in the US. That could lead to mortgage shock in Australia
- realestateprotips
- Mar 17, 2022
- 1 min read
Heather Somerstein moved to Atlanta from New York City three years ago, partly in search of a more affordable lifestyle.
It was an unlucky choice for the consultant.
The southern city has the highest rate of inflation in the United States, which is itself experiencing the country's worst inflation in decades.
"I've never seen anything like it in my life," Heather said.
"Prices jumped so high, so fast."
Prices are rising quickly across the board as demand outstrips supply.
Heather said she had cut to back on coffee and change her brand of laundry detergent to save money.
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