That would be a good sign for the Federal Reserve as it tries to get inflation under control.

The microchip shortage of recent years put the brakes on the production of new cars. That’s making for a low supply of used cars now.

The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.

Here’s how higher wages, housing shortages and income level can play a role in how much you pay for things like exterminators and car repairs.

Response rates to The Bureau of Labor Statistics’ JOLTS report are continuing to waver according to Bloomberg reporter, Reade Pickert.

CPI looked like it was heading in the right direction — that of lower inflation — at the end of 2022. Is that trend going to continue?

Housing is one of the biggest parts of inflation, but current metrics lag by about a year. The new tenant repeat rent index aims to change that.

When we focus on recent months rather than year-on-year increases, inflation numbers look pretty good, says economist Alan Blinder.

Today’s inflation report showed that both the rent and owner-equivalent rent indexes rose 0.8% in December.

Prices are 3.3% lower than they were a year ago, and have been dropping every month for the last five months. Here’s why.