One shocking chart shows used-car prices jumping another record amount in May, highlighting the strange gaps in the economy’s recovery

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If you’re in the market for a used car, be prepared for some sticker shock. Prices are projected to have skyrocketed again in May, and that boom is probably going to be a primary driver of increased inflation.

A note by a group of UBS researchers, led by Alan Detmeister, forecast a 10.8% price increase. That’s even higher than April’s record-breaking surge of 10%.

used car prices jump

Those pre-owned cars are adding significant mileage to inflation in the US. UBS projects that core Consumer Price Index (CPI) will have details ⇒

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