Consumer Prices Increase at Fastest Pace Since 2008

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:

Links:

Consumer Price Index Summary (bls.gov)

Inflation Rate Calculator: Customize Your Own Consumer-Price Index - WSJ

Charts:

The Core CPI price index is now above pre-COVID trend:

"Covid-sensitive" items that saw outsized increases: