Are you thinking of buying a used car or truck? If you can, you might want to hold off for a little bit. Continued crash in y/y change for CPI used car & truck component … just +2% y/y, which is softest since July 2020
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@RealSeanBrodrick
Can you explain this in terms for people who don't track markets like this? Some of the terms you use are unfamiliar to me, and probably many others.
@ArcturusSaDiablo CPI is short for Consumer Price Index. And y/y is year over year. Inflation is still a thing, but it's cooling from its scorching pace in previous months. One reason why: used car price inflation is falling even faster.