BIS Review 148/2008  Figure 3 Reverse mortgages in the United States (number of federally-insured reverse mortgage loans, fiscal years) 120000 100000 80000 60000 40000 20000  08 20  04  02  00  06 20  20  20  20  98 19  94  92  96 19  19  19  19  90  0  Sources: U.S. Department of Housing and Urban Development; U.S. Mortgage Bankers Association.
I would now like to return to the battle against inflation. In the December quarter, the headline inflation rate reached 7.8 per cent (Graph 3). This is the highest rate in more than three decades.