So, in the big scheme of things, three things drove inflation a year ago, or so:
- eggs
- used cars
- rent, residential
So, eggs -- due to avian flu, supply shortage; grocer gouging -- not inflation due to money supply, Bidden stimulus, or labor costs. [Energy, of course, was never an issue -- WTI at "relative" lows for at least three years now.
Used cars: if you didn't buy a used car, it was a non-issue and now used cars are in abundant supply.
And rent? Well, here we go:
And not only that, but monthly rents are nearly back to pre-Covid levels, and probably even better than that if compared to "inflation" and cost increases in general.
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