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