
Here's why car prices are so high, and why that matters
CNN
Maybe America's key inflation metric, the Consumer Price Index, should be redubbed the Car Price Index.
CPI climbed to a 13-year high in May, with prices up 5% compared to a year earlier. But about one third of that increase was due solely to the price of used cars. Used car prices shot up 30% in the 12 months leading up to May, just below the record one-year increase for used car prices reported in 1975.More Related News

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