Money Inflation boosts home prices – but can hurt homeowners, too. What to know for taxes and insurance May 30, 2022May 31, 2022Russ Wiles, Arizona RepublicComments Off on Inflation boosts home prices – but can hurt homeowners, too. What to know for taxes and insurance Over roughly the past year, U.S. inflation has increased 8.3% and housing prices have shot up 20% or more in many markets, including metro Phoenix.