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As used-car values stabilize, so too should inflation, economists say

The annual inflation rate stood at 5% for the 12 months ended May 2021

Amanda Harris

Used-car values have for the past three months been a primary driver of the jump in the Consumer Price Index (CPI) inflation rate, but falling vehicle prices should contribute to a period of deflation for the rest of the year. “One reason we have inflation is because auto does,” Ryan Sweet, senior director of economic […]

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