Money CPI report revealed inflated cost of housing. What that means for rent, mortgages February 14, 2023February 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on CPI report revealed inflated cost of housing. What that means for rent, mortgages Slowing demand in the housing market was part and parcel of the Fed's strategy designed to cool consumer demand to bring down inflation.