What Does the Latest CPI Data Tell Us?

You can check out the full report from the US Bureau of Labor Statistics here

According to BLS, the majority of the gains in the index stemmed from used and vehicles, fuel, airline fares, and apparel. It is not surprising that the chaos in the car industry regarding the chip shortage, supply bottleneck, and higher than expected demand is impacting prices. Airline fares were at record lows in 2020 due to the pandemic, and the economic recovery is pushing demand back to pre-2020 levels.

Annualized Inflation

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