Inflation inflicting pain, wages fail to keep pace with price hikes: lower house prices coming?As people spend more on necessities this will cause their house buying money to shrink. Will this not further hurt the housing market and add more downward pressure to prices?Inflation inflicting pain, as wages fail to keep pace with price hikes"Inflation is back, with higher prices for food and fuel hammering American consumers, and this time it really hurts. In the past three months, consumer prices have been rising at a 5.7 percent annual rate while average weekly wages have barely budged, increasing at an annual rate of only 1.3 percent.And the particular prices that are rising are for products that people encounter most frequently in their daily lives and have the least flexibility to avoid. "April 05 2011 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.