The microchip shortage of recent years put the brakes on the production of new cars. That’s making for a low supply of used cars now.

The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.

Economists say the more measures, the better their predictions — even if they provide slightly different pictures of the economy.

Here’s how higher wages, housing shortages and income level can play a role in how much you pay for things like exterminators and car repairs.

Last month, the CPI pegged area inflation at 6% year-over-year, a whole percentage point higher than the national average.

The March report shows inflation slowing overall and prices easing in some key areas (food) and not in others (services and shelter.)

Wholesale prices rose 0.7% in January, showing that inflation is sticking around.

CPI looked like it was heading in the right direction — that of lower inflation — at the end of 2022. Is that trend going to continue?

Housing is one of the biggest parts of inflation, but current metrics lag by about a year. The new tenant repeat rent index aims to change that.

The personal consumption expenditures price index, better known as the PCE, tracks what we paid for goods and services in the previous month.