The next inflation numbers are likely to be much higher than February’s 7.5%. You only have to look at the soaring commodity prices to see this. Just about everything is going up including oil, gas, lead, tin, nickel, soybeans, wheat, potash, palladium, microchips and house prices. Sooner or later these press writers are going to feed into the consumer price index. If they put up interest rates as well, that will be another component of higher housing costs as peoples mortgages rise.