CPI inflation ticked up in October and core CPI ticked down:
Used car prices surged in October after cooling off over the past year. Food inflation remained around 1% and clothing prices dropped.
On a conventional year-over-year basis, headline CPI clocked in at 2.6% and core CPI at 3.3%.
Well, Biden is still President, isn't he? This will be nothing but a statistical blip come Jan. 20. Although today in the NY Times it's "Inflation Kicks Up, as the Fed's Victory Remains Incomplete".
She lost, guys, you can lay off now!
Nope. This is Trumpflation all the way.
It's in direct responce to Trumps win!
#*$@ing Used Car prices again. I assume this is related to the new car market. I know that the car makers want to sell fewer more expensive new cars, but is there no one who will enter the lower price market? What the hell happened to capitalism?
And I'm not sure I object to tariffs on Chinese EVs, but is there no one who can take advantage of EVs' cheaper construction costs and cheaper batteries to build an affordable EV? This is getting ridiculous.