As we have discussed in our quarterly Insights, even with headline inflation data trending downward, there are some nuances behind the persistence in levels.
If you look a little deeper, one finds that auto insurance and rent are the primary culprits.
Via Eric Soda:
“Here is my favorite chart on inflation. This shows where inflation is and isn’t. You can see that the 12-month change in auto insurance is still far and away the biggest gainer.”
May 19, 2024
As we have discussed in our quarterly Insights, even with headline inflation data trending downward, there are some nuances behind the persistence in levels.
If you look a little deeper, one finds that auto insurance and rent are the primary culprits.
Via Eric Soda:
“Here is my favorite chart on inflation. This shows where inflation is and isn’t. You can see that the 12-month change in auto insurance is still far and away the biggest gainer.”