The Consumer Price Index (CPI) increase 5% year-over-year in May which was the largest increase since August of 2008. The increase was larger than the 4.7% increase expected by economists with used vehicles prices climbing the fastest. We discuss what the impacts of inflation are on investors.
For more information on the topics discussed:
Consumer Price Index Summary (bls.gov)
Inflation Rate Calculator: Customize Your Own Consumer-Price Index - WSJ
The Core CPI price index is now above pre-COVID trend:
"Covid-sensitive" items that saw outsized increases: