Used Car Prices Pop Up Unexpectedly, Suggesting Inflation Woes Not Over

Used Car Prices Pop Up Unexpectedly, Suggesting Inflation Woes Not Over
Used cars for sale are on display on June 24, 2021, in Oklahoma City, Okla. Sue Ogrocki/AP
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Used car prices jumped unexpectedly in January, which suggests that inflation woes are not over for car buyers.

The news has the potential to squash optimistic predictions that inflation is heading downward, as the Federal Reserve continues to hike interest rates.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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