While May CPI inflation was 2.4%, inflation is much higher in many basic necessities:
1. Utility Gas Inflation: +15.3%
2. Car Insurance Inflation: +7.0%
3. Meat and Eggs Inflation: +6.1%
4. Car Repair Inflation: +5.1%
5. Electricity Inflation: +4.5%
6. Homeowner Inflation: +4.2%
7. Rent Inflation: +3.8%
8. Food Away From Home Inflation: +3.8%
9. Hospital Services Inflation: +3.6%
Even as the overall inflation rate has dropped, prices for many necessities are still rising rapidly.
Americans are sick of inflation.
✍️: The Kobeissi Letter
