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Comment on Used cars, travel and furniture are just some of many things that are getting more expensive by Jimzy
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Comments for News Channel 3-12
Prices rose 0.8% on a seasonally adjusted basis between March and April — also more than analysts had expected.
The biggest driver of last month’s inflation jump was a steep 10% increase in used cars and truck prices.
Over the past year, used car prices rose 21%.
Clearly people are willing to travel again, and businesses in the industry are responding with price increases after a year of operating on a very limited scale.
But the longer price increases persist, the more attention the Fed will have to pay to them.
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