While CPI inflation is at 3.5%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 22.2%
2. Transportation Inflation: 10.7%
3. Car Repair Inflation: 8.2%
4. Hospital Services Inflation: 7.5%
5. Homeowner Inflation: 5.9%
6. Rent Inflation: 5.7%
7.…

— The Kobeissi Letter (@KobeissiLetter) April 10, 2024