The price of used cars increased by 7.3% last month compared to April --- accounting for one-third of the 0.6% increase in the overall price of goods and...
Rental cars, used cars, airfare, beef and domestic services such as cleaning and gardening all have one thing in common: they had the largest percentage increases in price last month, according to the latest consumer price index report.
For instance, the price of rental cars rose by 7.3% last month. That mattered a lot, or more precisely it accounted for one-third of the overall price level increase for the month, as tallied by the Bureau of Labor Statistics. Case in point: Last month, housing costs rose by 0.4% and accounted for just over a quarter of the overall increase in May.
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