As inflation has heated up over the last few months, the 10 year Treasury yield has declined almost 20% to 1.47 from a recent high of 1.77. In the "old days" inflation fears would trigger higher interest rates. Now the Fed seems in complete control of driving rates.
I don't remember whether housing is included. I think fuel and food are not included. Inflation from higher energy costs--think manufacturing--has not hit the fan yet, imo.
Higher oil prices inflate the cost of everything, and oil has crept up in the past 30 days. This is an ugly scene, imo.