Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck

by Wolf Richter, Wolf Street: Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump. The headline measure of the drop in purchasing power of the dollar, the Consumer Price Index (CPI), released today, confirmed that inflation is spreading deeper into […]

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