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The biggest reason to worry about runaway inflation just evaporated

Used cars dealer lot

Summary List Placement

Prices of used cars and trucks skyrocketed as the economy reopened and powered much of the US’s stronger inflation over the last few months. 

It’s the latest development in a debate engulfing economists over whether strong inflation will stick around and endanger the recovery, or fade away as the economy normalizes. Soaring prices for used vehicles sat at the center of the debate.

But the surge already seems to be over.

Used vehicle prices rose just 0.2% in July, the Bureau of Labor Statistics said Wednesday. That’s the weakest inflation in that category since February, when prices details ⇒

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