Why are used car prices still so high?

Jun 13, 2023
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.
While used car prices are down from their pandemic peak, they're still about 40% higher than before COVID, according to government data.
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We're in the stubborn phase of inflation cooling

Jun 13, 2023
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.
There’s still a ways to go before the Federal Reserve reaches its target of 2% inflation.
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CPI, PPI — what do the indexes really tell us about inflation?

May 11, 2023
Economists say the more measures, the better their predictions — even if they provide slightly different pictures of the economy.
The produce price index, which measures costs that businesses pay, tends to be more volatile than the consumer price index.
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Inflation for services remains stubbornly high

May 10, 2023
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.
Motor vehicle repair prices, which were up 20% in April from last year, can be particularly burdensome for lower-income households.
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Why inflation runs hottest in the Mountain West

May 9, 2023
Last month, the CPI pegged area inflation at 6% year-over-year, a whole percentage point higher than the national average.
The cost of housing accounts for a third of the CPI. With the flexibility of remote work, many people have moved to the Mountain West, raising prices for locals.
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Eggs are cheaper, but not housing? Inside the latest consumer price index

The March report shows inflation slowing overall and prices easing in some key areas (food) and not in others (services and shelter.)
Egg prices dropped 10% and fruits and vegetables fell 1.3% from February, according to the CPI. But overall food and beverage prices were up more than 8% from last year.
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The producer price index hints at where consumer prices are headed

Feb 16, 2023
Wholesale prices rose 0.7% in January, showing that inflation is sticking around.
Food prices for suppliers dropped 1% month over month, according to the producer price index.
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For public good, not for profit.

Here's what to look for in the latest consumer price index

Feb 13, 2023
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?
While goods may be getting cheaper, prices for services like hotels and rental cars are still getting pricier.
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New index gets a "more real-time view" of rent inflation

Jan 26, 2023
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.
A new index measures rent inflation by tracking new leases.
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What the Federal Reserve's favorite inflation measure can tell us

Jan 25, 2023
The personal consumption expenditures price index, better known as the PCE, tracks what we paid for goods and services in the previous month.
The PCE give less weight to consumer staples like gasoline than the consumer price index does.
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