Eggs, Used Cars, Rent And All That Jazz -- February 5, 2024

Locator: 46742RENT.

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.