While CPI inflation is at 3.2%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 19.2%
2. Car Repair Inflation: 9.6%
3. Transportation Inflation: 9.2%
4. Rent Inflation: 7.2%
5. Homeowner Inflation: 6.8%
6. Food Away From Home Inflation: 5.4%
7.…

— The Kobeissi Letter (@KobeissiLetter) November 17, 2023