While CPI inflation is at 3.3%, inflation is much higher in many basic necessities:
— The Kobeissi Letter (@KobeissiLetter) June 12, 2024
1. Car Insurance Inflation: 20.3%
2. Transportation Inflation: 10.5%
3. Hospital Services Inflation: 7.2%
4. Car Repair Inflation: 7.2%
5. Electricity Inflation: 5.9%
6. Homeowner Inflation: 5.7%…
Sigh
https://twitter.com/w_h_thompson/status/1889025101099598109