With inflation according to the Wall Street Journal: “…last month’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008.”
I was in this business in the late 70s and early 80s, where inflation reached 13.3% YoY. In October 1981 a 30 year fixed FHA mortgage for a primary residence was 18.45% APR. Crazy stuff. Real unemployment was 10.8% in 1982.
For those who are unfamiliar with inflation, here is a neat little article that explains it in an interesting manner.
https://finmasters.com/how-inflation-works/
Jump down to the “Who Benefits…” section to see opportunities and dangers. (Spoiler alert – owners of leveraged physical assets with fixed rate debt typically do well)